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Lloyds Loan Portection Ins.
morobe
Posts: 8 Forumite
My policy booklet says I'm not eligible for above if "You are acting as a guarantor". any ideas what this means, I know what being a guarantor is because I am one but how does it relate tothe insurance. Anybody know pls
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Comments
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The PPI does not cover the guarantor. It covers the borrower.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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thanks i am the borrower and the guarantor on the same loan. company loan by me with upfront ppi and had to sign guarantee as well:j0
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