Documents tagged 'Policy'
Published: 22/11/2008
Not understanding loan payment protection is the number one fault associated with mis-selling. Providing cover is suitable then taking out a policy to cover your loan repayments can save you from getting into debt and give you peace of mind and the security of an income each month. This...
Published: 22/11/2008
Despite recommendations set out by the Financial Services Authority (FSA) for changes in the payment protection sector, there are still many shortcomings that need to be dealt with. The FSA and Competition Commission are still investigating the sector and continue to hand out fines to...
Published: 22/11/2008
While you should certainly consider taking out loan payment protection insurance, because it can be a valuable asset, be careful to avoid taking out a policy with the same company that provides your loan. Sometimes high street lenders add on the protection policy without asking the...
Published: 22/11/2008
When taken out correctly mortgage cover can be a real lifeline if the worst happens and you find yourself unable to work. However, if taken out without considering the terms and conditions and in particular the exclusions, then a policy could be nothing but a waste of money. It is...
Published: 22/11/2008
Mortgage payment protection insurance (MPPI) can give a lifeline to those who have monthly mortgage repayments to make and fear they could lose their income. If you should become unemployed, such as by redundancy, or were to have an accident or get ill and be unable to attend your job,...
Published: 22/11/2008
A payment protection policy is taken out by those who have credit repayments to make each month and who wish to protect those repayments. A policy can be taken out to cover against being unable to work if you should have an accident or get ill, or become unemployed through no fault of...
Published: 22/11/2008
Unemployment insurance can be a godsend to those whose circumstances mean they would be eligible. The key point to bear in mind when choosing a policy is to check the terms and conditions and, in particular, the exclusions. Frequent exclusions include being of retirement age, only working...
Published: 22/11/2008
In 2005 the Office of Fair Trading received a super complaint from the Citizens Advice Bureau. This sparked a huge investigation into the payment protection insurance (PPI) sector, which resulted in several firms receiving fines for not putting the consumer ahead of profits. In some...
Published: 22/11/2008
Individuals who rely on State support if they lose their income could be at risk of losing the roof over their heads. While some help towards the interest part of the mortgage can be available, you do have to qualify and having more than 8,000 in the bank or a working partner could mean...
Published: 22/11/2008
While this question should, of course, be the first thing you ask yourself before buying mortgage insurance, many do not even give it a thought. Usually those who give no consideration to the suitability of a policy are those who take it alongside the mortgage at the time of borrowing. Of...
