britishinsurance.com payment protection insurance hits market
www.moneynews.co.uk > Insurance > britishinsurance.com payment protection insurance hits market
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britishinsurance.com payment protection insurance hits market
Mon 12th Dec 2005
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The product offers payment protection insurance at a fifth of the average price among the top ten lenders, according to the insurance company.
Managing director Simon Burgess said: "Our option to separately purchase incapacity and unemployment components will greatly help the self-employed, who find unemployment cover on payment protection insurance highly restrictive.
"It is also invaluable for those with pre-existing medical conditions, who are excluded from incapacity cover industry-wide," he added.
Mr Burgess also said that consumers protecting a £7,500 loan over five years could save over £3,000.
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