Payment protection insurance: Protecting payments
Payment protection insurance
Payment protection insurance offers invaluable peace of mind and financial security for you and your family by paying your bills and repayments should you lose your income due to accident, ill health or involuntary unemployment.
myfinances.co.uk has teamed up with leading payment protection specialists British Insurance to offer you comprehensive payment protection insurance at low prices that can ensure you are well protected in the event of any unexpected changes in your finances.
Payment protection insurance covers loan, credit card, or mortgage repayments. Also known as PPI, there are three common types – income payment protection, mortgage payment protection and loan payment protection. The benefits of each and the cover provided are very similar, offering vital short term assistance to those that have suddenly lost their income.
Sometimes referred to as accident, sickness and unemployment insurance, ASU for short, payment protection plans offer peace of mind if you are worried about being unable to cover debts by paying a monthly benefit over 12 months should you find yourself out of work as a result of illness or injury.
High street lenders typically offer insurance as part of their loan or credit card packages and whilst it may seem convenient at the time, opting for it could prove far more expensive than shopping for payment protection insurance independently.
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payment protection insurance quote from leading UK insurer British Insurance and find the best payment protection cover that matches your borrowing needs.