Loan payment protection insurance can give you an income with which to continue meeting your monthly loan repayments each month if you were to find yourself out of work due to suffering from an accident, long term sickness or unemployment by way of involuntary redundancy. While it can be a safety net the cover isn’t suitable for all circumstances and…
Tag: Exclusions
Is Loan Protection Nothing But A Rip Off
Loan protection has been called many names including a “rip-off”. The negative slurs stemmed from an investigation by the Financial Services Authority in 2006 when it was found there was wide spread mis-selling of payment protection insurance (PPI) products. Many consumers were not being told how much the cover would cost in total, weren’t given any information about the exclusions…
Do You Know Where To Look For Cheap Mortgage Protection
Cheap mortgage protection is possible to find but you do have to know where to look for it. Taking out mortgage protection alongside your borrowing can add hundreds more onto the cost of the cover than it needs to. A far better way to buy your protection is to go with a standalone specialist provider. You can get quality cheap…
Safeguard The Roof Over Our Head With Mortgage Protection Cover
No one can predict what will happen in the future but at least when it comes to something as important as the roof over your head you can safeguard against the unknown. Mortgage protection cover is taken out to insure against the possibility that sometime in the future you might find yourself having time off work after suffering from an…
Uk Mortgage Insurance Is Worthwhile Taking Out
UK mortgage insurance is worthwhile taking out to guard against the possibility that you might find yourself out of work sometime in the future should you have an accident, suffer illness or become involuntarily unemployed. However the cover is not suitable for all circumstances due to the exclusions within the policy. While the exclusions can differ and you should compare…
Income Protection Insurance Is Best Bought From A Specialist Standalone Provider
There are many reasons why if you are thinking of protecting your income you should choose a standalone specialist to purchase your cover. The first is that you will get the cheapest cover possible and the second you will get all the information needed to make sure that a policy is suitable for your circumstances. Income protection insurance isn’t suitable…
Cheap Mortgage Payment Protection Insurance Could Be Your Lifeline
As long as you understand what a policy entails and have checked the exclusions against your circumstances then a cheap mortgage payment protection insurance policy could be your financial lifeline. If you were to come out of work after suffering from an accident, illness or through unexpected redundancy then you would still have to find the money each month to…
Finding That Elusive Cheap Loan Protection Insurance
Cheap loan protection insurance can be found but you have to go online with an independent standalone provider of the cover rather than take it out at the same time as taking out borrowing. Very often loan protection is pushed by high street lenders alongside their so-called “cheap” loans for huge profits which earns them a staggering What’s your Reaction?…
Bad Publicity Is Leaving Many Homeowners Wary Of Taking Mortgage Protection
With the bad publicity which has recently surrounded payment protection insurance products, many homeowners are wary of taking out mortgage protection which is leaving them wide open to losing the roof over their head if they were to suddenly find they lost their income. Mortgage protection can give you an income with which to continue meeting your monthly mortgage repayments…
Around Half Of The 20 Million Loan Insurance And Mortgage Insurance Policies In The Uk Could Have Been Mis Sold
There are around 20 million loan insurance and mortgage insurance policies in the UK and it is thought that around half of these could have been mis-sold. The mis-selling scandal came to the public’s attention in 2005 when it both the Office of Fair Trading and the Financial Services Authority started investigations in to the sector. Fines were subsequently handed…