British Insurance MPPI Insurance

Shahid1973

Hi

Thinking of taking unemployment cover re mortgage through British insurance as per Martin's new thread. Has anyone had any dealings with British Ins or can recommend any other providers.

Much obliged.

Shahid

payless

I believe that all transactions via this route are non-advised, so no backup of advice from an adviser / no libiality if you buy something that is not suitable or if something esle was more suitable , or if the terms/ exclusions don't meet your requirements .

NOTE : When speaking to an adviser in these matters its worth checking what experience/ qualifications they have in this "general insurance market" ... as many IFAs and mortgage brokers are also regulated by the FSA to advice on "general insurance" but whilst they may have mortgage ( Cemap etc) and life/investment ( FPC1-3) qualifications , there is no compulsory qualification for general insurance ( MPPI, ASU, home & car insurance) ..

so might be worth checking if your adviser has the current CII diplomas in the various GI areas ( or the old CII F04 .. effectively the add on to the old FPC 3 exams )

Shahid1973

I wanted advice re company not a sermon!!

payless

Shahid1973 wrote:

I wanted advice re company not a sermon!!

Well I thought it mattered - but anyway I shall pass on posting anything else on this thread then , shame as ( apart from any employees of that company/undrwriters ) I doubt you will find many that know more about that company than I do.

crossleydd42

With all due respect, payless, the advice might be better received (and understood) if it had been put in Plain English.

payless

There's me thinking OP just did not want to be told.. " if in doubt take professional advice "

ArchieB_2

You need to be aware of the products limitations and it would certainly be better value than a product through a bank. As indicated the sale is non advised so pay particular attention to any eligibility requirements, exclusions and claims conditions.

Alternatively PHI may be more expensive but perversley better value or even a combination of the two. You should seek advice from an IFA or the like.

Don't be disheartened paylesss, I thought it was clear and logical advice.

leni

I'm currently with Halifax, paying 47 pounds per month, for the same policy with norwich union it's only 23 pounds - I toy'd with the idea of Best Insurance but it seemed "too cheap" and uninformed. Abit too "unbranded" :rotfl: I prefer "named" products:o

best of luck!

Shahid1973

Anyone else with some useful comments?

magicmaria

go to https://www.moneysupermarket.com they will search for the best deals for you

payless

magicmaria wrote:

go to www.moneysupermarket.com they will search for the best deals for you

yes its a good price comparison BUT

1. They don't cover all providers ( I'm not saying anyone does )
2. Depends what you call "Best " - if ranking on solely price maybe...