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Payment Protection - Exeter, Torquay, Plymouth, Barnstaple, Tiverton, Taunton and Yeovil area PDF Print E-mail

Payment Protection Insurance is an insurance product that is often designed to cover a debt that is currently outstanding  This debt is typically in the form of a mortgage, loan or an overdraft, it typically covers the borrower against an accident, sickness, unemployment, circumstances that may prevent them from earning a salary/wage by which they can service the debt.

Payment Protection Insurance usually covers loan payments for a limited period usually for 12 month.

The period covered by insurance is typically long enough for most people to start working again and earn enough to service their debt.

Payment protection provides useful protection against redundancy in these difficult economic and uncertain times. It should be remembered though that you would not be able to take out the insurance once the threat of redundancy is known, so the moral is to protect yourself whilst you can and do it now!

Premium Indication: Accident sickness and unemployment for male age 26 from £2.71 per £100 of monthly benefit. (source Berkeley Alexander 18/01/2012)

Professional Mortgages will be happy to offer you advice and quotes for Payment Protection Insurance.

 

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk.

 

Want to know more? please fill in the form here and we'll be in touch.

 

 

 

 

 

 

 
 
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