Home Add to Favorite Contact Submit  
             23 October, 2019
 

    
Category:  Articles » Finances » Insurance

 

Cover Your Loan Repayments With Payment Protection Insurance

Popularity:
         Views: 1282
2007-09-17 08:59:50     
Article by Simon Lance Burgess

Payment protection insurance could give you a tax free sum of money each month with which to pay your loan repayments and keep you out of getting into serious debt problems. Payment protection insurance is a generic term for mortgage payment protection, income protection and loan payment protection insurance and all do the same thing which is to be your lifeline if you should come out of work due to accident, long term sickness or unemployment.

Payment protection insurance would begin to give you a monthly income with which to pay your essential outgoings once you have been out of work for 30 days or more and it would continue to give you an income for up to 12 months and with some providers for 24 months. If you take out mortgage payment protection then your home won't be at risk as you would have the money each month to ensure you could keep up with the repayments.

If you want to safeguard your monthly loan repayments then loan payment protection could be suitable when it comes to making sure you can carry on meeting your loan repayments. And income protection gives you a replacement income up to a set amount each month.

The payment protection insurance cover can be taken out to guard against coming out of work due to accident and sickness only, unemployment only or for accident, sickness and unemployment together. The quotes for payment protection insurance vary widely and it is essential that you get several quotes for the cheapest premiums. Shopping around for your payment protection insurance cover will enable you to secure you the cheapest premiums while getting you a quality product providing of course that you have ensured a policy would be suitable for your needs.

Always take into account there are exclusions and the most common of these include only working part time, being retired, being in self-employed or suffering from a pre-existing medical condition at the time of taking out your policy. There are of course many more and it is essential that you read the small print before purchasing your payment protection insurance.

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of payment protection insurance, loan protection insurance and income protection insurance.

Specialized in: Payment Protection Insurance Cover - Loan Payment Protection - British Insurance - Income Payment Protection - Mortgage Payment Protection - Mortgage Insurance - Loan Insurance - Income Cover - Loan Cover
URL: http://www.britishinsurance.com
Print article      Bookmark this page
Related Articles 
Need an Accident Helpline? - Easigo Accident Management can save you money & give you a better service than your insurers (Popularity: ): If you have a road accident, which is not your fault, you may think that every accident helpline offers the same level and type of service. This is certainly not true; you need someone like Easigo to make sure that you will not lose out financially. This article looks at the various stages of a typical claims process, and outlines the main advantages of using Easigo’s Accident Helpline rather than ...
Medical Billing and Coding Job Description, Training and Salary (Popularity: ): If you've been thinking about taking some medical coding or medical billing classes online or getting medical coding or billing training you want to make sure you understand what this career and the job entails and have a good idea what kind of salary you'll make. Of course you may want to open a work from home business and it's certainly possible but may require a good education and training ...
Choosing a Benefits TPA (Popularity: ): The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. According to the Society of Professional Benefits Administrators (SPBA) 66 percent of all U.S. workers are covered under self-funded plans, most of which are managed by independent, third party administrators. But what do you look for in a TPA? If you’re an independent agent, here are some things to consider.Where to startYour best sources for ...
What Can a Medical Billing Advocate Do For You? (Popularity: ): Terminology and complexity are the rules of today's healthcare system. Most consumers are not even aware that there may be hidden problems with their bills. When you are busy or not feeling well, you often don't have the time to do the necessary work to get corrections made. You might not even realize that you are being overcharged! All kinds of errors are found on medical bills. We see examples ...
Medical Bill Reduction (Popularity: ): Debt Relief Solutions for Medical Debt - Part ThreeDebt relief solutions are often sought for medical debt because so many people don't have insurance, and those who do don't have nearly enough coverage. Anyone who is having problems with medical debt needs to get itemized medical bills to ensure that they weren't overcharged before they file bankruptcy or seek medical debt relief solutions.Common medical bill errors:-Delays in services that are ...


Related Business 
Payment Protection Scotland (Popularity: ): Payment Protection Scotland (PPS) is one of Scotland's most successful financial claims management companies. Payment Protection Scotland specialise in reclaiming mis-sold Payment Protection Insurance (PPI) for our growing number of clients throughout Scotland. Most loans, credit cards and mortgages taken out in the last 10 years will have included Payment Protection Insurance (PPI). This insurance was meant to cover the monthly payments if you were unable to make the repayments ...
PPI Claim Scotland (PPICS) (Popularity: ): PPI Claim Scotland (PPICS) is a successful Scottish PPI Company. The majority of loans, credit cards and hire purchase agreements taken out in the last decade have included payment protection insurance (PPI). This insurance was intended to cover the monthly repayments if you couldn’t afford to make the payment as a result of accident, sickness or unemployment.
Compare Car Insurance Interest Rates Online (Popularity: ): The car insurance offers the protection against theft, fire and accident of the car. If you have taken the car loan to buy a car then the loan provider will ask you to have the insurance for all these damages to the car. The third party liability is also the minimum cover that is required as per the motor law.
Payment Protection Partnership Scotland (Popularity: ): The Payment Protection Partnership is a Scottish based company specialising in helping you reclaim compensation for mis-sold Payment Protection Insurance (PPI) from loans or other credit you have taken out in the last ten years.
Debt Consolidation Loans (Popularity: ): Lowest loan Interest Rates. We work with a large group of lenders to ensure you get the lowest possible interest rates. Any Purpose Loans. We provide loans for any purpose, home improvements, dream holiday, new car, university fees or to consolidate your debts into one easy payment. Flexible Loan Repayments Repay the loan over a period and amount that suits you.
PPI Claims (Popularity: ): PPI Claims made easy, we will recover you missold payment protection insurance premiums fast and professional. Ppi stands for Payment Protection Insurance and was sold by all the major banks to us the consumers for over a decade but the real facts of these sales only emerged after the FSA carried out a review of the ppi companies.
Cheap Life Insurance (Popularity: ): MyTermLifeInsurance.co.uk offer qualified advice for term life insurance, critical illness cover and mortgage protection. Great rates of cover from the very best brand name insurance companies in the UK.
Business Owner Income Protection (Popularity: ): Business Owner Insurance - Business Owner Income Protection, Business Owner Insurance Policy help to minmise some business risk. Reduce larger financial by paying small premium to insurance company. Protect your small business with safe & easy Business Owner Insurance from our site. Find different business cover such as subcontractor insurance, tradesman insurance, accident, salary protection etc.
Texas Zero Down Loan (Popularity: ): Texas USDA Loan Presented by Texas Home Buyers Resource Group. You may be looking for an alternative to a conventional or FHA loan that requires a minimum down payment and monthly mortgage insurance.
Loan Secured UK (Popularity: ): A Secured Loan UK available at low interest for UK citizens. Many people are on the look out for a home owner secured loan due to the fact that the monthly repayments are usually so much more manageable than borrowing through an unsecured loan or even a credit card, and some of the deals that are available through a home owner secured loan really are very attractive indeed.