Q: I have a current loan with payment protection insurance, am I able to cancel this and join it with payment protection insurance from you with a loan I am about to get?
A: You can take our payment protection insurance policy at any point in the loan’s lifetime.
The payment protection insurance policy that we provide allows you to cover £1500 or 50% of your gross monthly income, whichever is the lower amount. At the point of claim the money goes to you to use as you wish.
There is a 120 day initial exclusion at the beginning of the payment protection insurance policy, if you were to lose your job or be made aware of losing your job within that time period then you would not be able to claim on the policy.
Full policy wording and a quick quote facility are available online at www.britishinsurance.com.
If we can be of further assistance please do not hesitate to contact us again either by email or on 08450 175 178.