Shop around for the best deal on your loan insurance quote
- 12TH JULY 2007
There have been many faults highlighted with the loan insurance arena and one of them is the ridiculously high premiums that many well-known banks and lenders charge for their loan insurance. One person who has pointed this out on more than one occasion is Simon Burgess, head of standalone payment protection specialists British Insurance. Simon has always said that if you get a loan insurance quote from the high street lender then you are setting yourself up for getting ripped-off.
When looking to buy payment protection insurance – which can be an umbrella term for loan, mortgage and income protection insurance - it is essential that you get as many loan insurance quotes as possible. Despite what your lender may tell you, loan insurance is not compulsory and the loan protection does not have to be taken out alongside the loan.
British Insurance have always been on the consumer’s side and make it easy for you to get a loan insurance quote in just a few minutes. All you need to do is choose your age and the amount that you need to cover and then gasp as you see how much you can save when compared to the loan insurance quote offered by the high street banks and lenders.
Loan payment protection is taken out in case you should find yourself out of work due to an accident, long term sickness or unemployment for 30 days or more. With loan payment protection insurance from British Insurance, the cover will pay back to day one and will provide you with a monthly income for up to 12 months.
Shopping around for the best deal on your loan insurance quote is the only way to get the cheapest protection and British Insurance offer the cheapest. They can help you make savings of up to 80% on your premium while providing you with a quality product.
