Mortgage payment protection insurance 'can be important'
www.moneynews.co.uk > Insurance > Mortgage payment protection insurance 'can be important'
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Mortgage payment protection insurance 'can be important'
Wed 30th Jan 2008
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Paul White of Belgravia Insurance Consultants said that this type of insurance could be considered "very important" for a certain segment of the population.
Those who may benefit from mortgage payment protection insurance include the self-employed, he remarked, saying that these people "definitely need it".
People in other occupations may not have such a need and are sometimes mis-sold the insurance, Mr White commented.
"For example, a policeman wouldn't need it as they have excellent sickness benefits and are extremely well-covered," he explained.
Approximately 20 per cent of UK households have mortgage payment protection insurance, according to data from the Association of British Insurers from 2006.
Belgravia Insurance consultants is an independent financial adviser and offers a range of insurance products.
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