There are some “Good Guys” left in the loan insurance sector
- 12TH JULY 2007
Despite the fact that there has been much bad publicity regarding the loan insurance sector there are still some “good guys” left in the payment protection insurance marketplace and one of these is British Insurance.
Currently under review by the Competition Commission following complaints from the Citizens Advice; the Financial Services Authority (FSA) and the Office of Fair Trading(OFT), the sector has earned a bad name due to the mis-selling of loan insurance policies which is leaving consumers unable to claim on them; however the majority of these have been mis-sold by the high street lenders and banks.
British Insurance is a specialist payment protection provider who solely deals in mortgage, income protection and loan insurance. Selling a quality product for the lowest premiums around is what Simon Burgess and British Insurance specialise in.
Simon has earned the title of being one of the “good guys” for his outspokenness when it comes to sticking up for the consumer. He has been quoted as saying time and time again that the high street lender does nothing but rip-off the consumer in favour of making huge profits.
Loan insurance is taken out to protect the monthly outgoings on any loan repayments you have each month. If you are out of work due to accident, long term sickness or unemployment then the cover will provide a monthly sum to ensure you don’t fall behind on your repayments.
By going with British Insurance you can not only get a quality product but you can also save up to 80% on your loan insurance premiums. While the sector clearly needs a lot more attention there is at least one “good guy” left in the market place.
