MPPI Payments Help

saintjr87

Hi,
Looking at many of the MPPI threads on here they tend to mention that MPPI policies are standalone policies and the payments can be seen to be taken by direct debit from the policy holders current account.My Nationwide account bundles my mortgage repaymement,building insurance,contents insurance and MPPI into one payment.Is this just another way of doing it?Also the cover the policy provides has always been £400 per month whereas the premium has risen over the years from £20 to £32(been in place since 2001) is there anything unusual with this?
Any feedback would be appreciated.

John

dunstonh

My Nationwide account bundles my mortgage repaymement,building insurance,contents insurance and MPPI into one payment.Is this just another way of doing it?

Yes. The use of sub accounts are fine as long as its monthly payment.

Also the cover the policy provides has always been £400 per month whereas the premium has risen over the years from £20 to £32(been in place since 2001) is there anything unusual with this?

No. Prices tend to go up in recession and down when unemployment is less.

saintjr87

Thank you for the quick reply,much appreciated and helpful.