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mortgage payment protection insurance
carlos1963
Posts: 1 Newbie
hello ,im after some advice about the ppi .ive cancelled my current policy -(they want £31 amonth for the next 12 months). planning to get a cheaper deal- of which there are many!!.reading through some of the terms i got the impression that if i recieved redundancy payment the policy would NOT kick in. Or am i reading it wrongly?. any info appreciated
regards carl
regards carl
0
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planning to get a cheaper deal- of which there are many!!
although do note that PPI has a horrendous claims pay out rate and many of these new internet based ones tend to be lower quality.reading through some of the terms i got the impression that if i recieved redundancy payment the policy would NOT kick in. Or am i reading it wrongly?
Its quite possible that some have that clause. Some (most) won't though. However, if you want to pay less than expect the cheaper ones to have more clauses or options to reduce the cover.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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