Mortgage Protection Insurance Policy Now Offers Even Better Value for UK Homeowners
For many years now there have been some excellent mortgage protection insurance products available in the UK. The main product, Mortgage Payment Protection Insurance or MPPI has been sold online since 1999 by UK companies and their affiliate networks. But now there is a new Mortgage Protection that is cheaper, but is not yet available online. This new 'Red House MPPI' from British Insurance Limited, offers excellent value.
Braintree, UK (PRWEB) August 23, 2007 -- British Insurance Ltd have been providing their award winning 'Blue Square' UK Mortgage Protection insurance for some years now. The insurance has been a great success, because it competes with insurance that is otherwise sold by mortgage lenders. Companies such as British Insurance claim they are not as greedy as high street lenders and consequently can offer much cheaper insurance premiums.
British Insurance now have a brand new product called 'Red House MPPI' that offers remarkable value for money.
To find out just how cheap this is; get an online mortgage protection insurance quote.
At the time of writing, this insurance is so new that it is not available online at the moment, but British Insurance can send you an information pack with an application form if required. In fact, it has been shown that with insurance of this importance, many customers feel happier to have a printed brochure in their hands anyway. The in-house staff at British Insurance are available to help the simple application process by phone if required.
The housing market in the UK has been booming for some years now and house prices have gone sky high. Customers seeking mortgages are presented with a bewildering array of options and at the point of sale they are usually offered mortgage payment protection insurance as an 'add on'. MPPI is often the icing on the cake for many mortgage brokers and lenders, because for a relatively small amount of work it can deliver massive profits.
The point is that customers do not have to take out mortgage protection with the lender, leaving the individual open to shop around. Independent Mortgage Payment Protection Insurance can also help protect monthly mortgage payments and other household costs in the case of unemployment, accident or sickness.
The monthly mortgage payment, monthly life premiums and the monthly cost of the household insurance can be covered and also there is the option to take 25% additional cover for monthly bills.
The following cover is available:
| | - Unemployment and disability insurance cover or;
- Unemployment only insurance cover or;
- Disability only insurance cover
|
Unemployment and disability cover will provide the maximum level of protection under this policy.
For more information about Mortgage Protection, see the web site section about the Mortgage Protection Insurance Policy Features.
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