|
|
Additional
Resources
|
|
Discount Car Insurance: 4 Ways You Might Get Hurt
In auto insurance, as in everything else, you get what you pay for. And the fact is, discount auto insurance will do little more than keep a car on the road, meeting the basic legal requirements. If Read more...
|
|
|
|
marine insurance
Below,
you'll find up to date information, and "marine insurance" reports
and
resources to help you with your awareness of Insurance.
The Team
at Awareness-Guide.com hope you find the answers you are
looking
for. Thanks For Stopping by...
Uk Mortgage Payment Protection Insurance Doesn’t Have To Be A “rip-off”
UK mortgage payment protection has been on the receiving end of some negative publicity recently due to some consumers having been mis-sold this cover. However, despite this, if you buy from a reputable source, it is a very worthwhile product to have in your corner if you should find yourself out of work after suffering from an accident, illness or if you should become unemployed.
Although the product has been given a bad name
it is important to remember that it isn’t actually the policy itself which is to blame but the poor selling techniques that have been used at the time the product is taken out. Policies were being sold at the time of taking out the mortgage to those who couldn’t possibly hope to claim against them including those who were self-employed or only in part time work. Other ineligible customers included those of retirement age and suffering from an illness at the time of taking out the cover.
Providing you have ensured that the product is suitable for your needs then UK mortgage payment protection can start to give you an income which makes sure that you can continue meeting your mortgage each month and so not struggle having to find the money. It would begin to give you a tax free income after a defined period of time which can be between the 31st and 90th day of being out of work depending on the provider. The policy would then continue for up to 12 months and with some policies for up to 24 months. It is essential that you go with a standalone specialist provider for the cover as opposed to taking it out alongside the mortgage from the high street lender. The standalone provider will give you access to all the information needed for you to make sure that a policy is suitable for your needs.
Problems began for the sector when the Citizens Advice lodged a super complaint to the Office of Fair Trading in 2005. The Financial Services Authority then began an investigation into the sector and several major high street names received fines for mis-selling payment protection products. Mis-selling ranged from not mentioning the exclusions in a policy, selling cover that the consumer couldn’t possible hope to claim against and charging premiums that were sky high for the cover.
While some changes for the better have already been made the most recent review by the Financial Services Authority has revealed that 2 out of 3 of the highlighted problems still needed working on and some firms still hadn’t improved their selling techniques enough. A change for the better should be seen in March 2008 with the introduction of comparison tables which will highlight the exclusions, the total cost of the cover and will allow the consumer to determine from a series of questions which product is the best for their needs before buying.
In summary, UK mortgage payment protection is a truly invaluable policy to have – but you have to buy it wisely. Article Source: http://www.NewArticlesOnline.com Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of uk mortgage payment protection insurance, loan protection and income protection insurance.
If you can't find the
Insurance information you are looking for?
Try Google Search
Additional Resources
Legal Problem Expert Solicitors
Contactlaw.co.uk is a leading source for employment lawyer, divorce solicitor, commercial property solicitor, commercial lawyer, London solicitor, family solicitor, accident solicitor, injury claim, Read more...
|
Additional Resources
Coverage Details Of Rental Car Companies Insurance
Whenever an individual rents a car from a rental car company, they will be asked if they would like to add the company’s rental car insurance to the contract for renting the car. Knowing that, it is Read more...
|
We strive to provide only quality information, so
if
there is a specific topic related to insurance that you would
like us to cover, please contact us at any time.
And again, thank you to those contributing daily to
our Insurance
Website, especially
regarding "marine insurance".
MetLife Review: It's a fight for every claim
Reviewed by Dental Patient from Suffolk County, New York on August 21, 2010. Recommend: No.
Delta Dental Insurance Review: Useless and insant operator
Reviewed by Christine from San Jose on August 3, 2010. Recommend: No.
MetLife Review: Stay away
Reviewed by Dentist from Elmwood Park, NJ on July 27, 2010. Recommend: No.
MetLife Review: In Network Provider Scam
Reviewed by Zoe Shepherd from Orlando, FL on July 24, 2010. Recommend: No.
MetLife Review: Worst dental insurance ever
Reviewed by howard from Atlanta on July 21, 2010. Recommend: No.
United Concordia Review: Terrible- Avoid!
Reviewed by Beau from Minneapolis MN on July 6, 2010. Recommend: No.
Anthem Blue Cross Blue Shield Review: History of refused claims
Reviewed by Jim from Indiana on June 18, 2010. Recommend: No.
Assurant Review: Don't be a late enrollee
Reviewed by Laura from San Jose, Ca on June 9, 2010. Recommend: No.
United Concordia Review: Told wrong info
Reviewed by Doreen from Butner, NC, USA on June 9, 2010. Recommend: No.
Anthem Blue Cross Blue Shield Review: as bad as they come!
Reviewed by Victum of Blue Cross Blue Shield thugs from Wisconsin on June 3, 2010. Recommend: No.
Delta Dental Insurance Review: Horrible
Reviewed by Arsh from Washington on April 21, 2010. Recommend: No.
United Concordia Review: Poor claim processing
Reviewed by Mad at UCCI from Fairfax, VA on April 16, 2010. Recommend: No.
MetLife Review: Prepare to spend hours on forms
Reviewed by Loren from Atlanta, GA on November 23, 2009. Recommend: No.
United Health Care Review: aka OptumHealth Allies
Reviewed by Duke from Atlanta, GA on October 15, 2009. Recommend: No.
CIGNA Review: Pricing roulette
Reviewed by Duke from A on October 15, 2009. Recommend: No.
|
|
