New mortgage payment protection insurance policy from Burgesses

FINANCIAL ADVISER - 24TH FEBRUARY 2005

Burgesses, the insurance provider, has released a new mortgage payment protection insurance policy called British Mortgage Protection. It pays out back to the day the claim became valid after a 30-day waiting period. Thee is a 60-day exclusion period for new or remortgage borrowers and no exclusions period for those transferring policies. Burgesses said there were no restrictions on occupation or employment status.

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