PPi insurance

Boz38

Hi I want to cancel my ppi insurance with my loan provider and take out a new cheaper policy. The loan has 4 years left however I can only seem to find cover for 12 months. I am worried that after 12 months the premuims might go up a lot. Can anyone help?
Thanks

di3004

Boz38 wrote: »

Hi I want to cancel my ppi insurance with my loan provider and take out a new cheaper policy. The loan has 4 years left however I can only seem to find cover for 12 months. I am worried that after 12 months the premuims might go up a lot. Can anyone help?
Thanks

Hi there

Are you aware that you do not have to have the loan provider's insurance, you can go for a cheaper stand alone, but most of these are those of 12 straight months, then if for example you used the full 12 months, but return to employment or return to work from sickness there are waiting times, some are 3 months and some 6 months before you can claim again, they differ, so always best to check them out before you purchase them, good luck.;)