Seek a specialist’s advice for your payment protection quote
- 27TH OCTOBER 2007
Getting a cheap payment protection quote is easy if you take the time to shop around for the policy and get several quotes from standalone providers. However getting a cheap quote that offers a quality product is a different thing and if you want the best of both worlds while also at the same time making sure you have all the information needed to make sure a policy is suited to your needs then choose a payment protection specialist.
British Insurance are one of the best around and can help you to make savings of around 80% on payment protection quote while giving you a quality product that is backed with years’ of experience in the sector. Headed by Simon Burgess, Simon speaks openly about how consumers have in the past been “ripped-off” and are still continuing to suffer.
While some changes for the better have been seen already, many more changes still need to be made before Simon is happy. One of the biggest problems is still the lack of information given regarding policies and the fact that the cover isn’t as transparent as it should be. A lack of information leads to mis-selling and a loss of faith in the products which can be extremely valuable as protection.
A payment protection policy can when bought correctly and understood begins to give you a tax free income with which to continue repaying your loan repayments if you should come out of work due to suffering an accident, sickness or unemployment. Cover from ethical British Insurance would begin to payout after you had been continuously out of work for 30 days and would then continue for up to 12 months. Some providers won’t payout until up to the 90th day or in-between and continue to payout for up to 24 months, so it is wise to shop around.
It is the exclusions or lack of information regarding them that cause problems as the cover isn’t suitable for all circumstances. Some of the most common exclusions include being of retirement age, if you are self-employed, suffer from an ongoing illness or if you are only in part time work. An ethical provider such as British Insurance will make sure that you are given the key facts of your policy and that you understand the product before you buy which means that you won`t buy a policy you cannot claim against, along with giving you a cheap payment protection quote.
