UK Payment Protection Insurance Policy
Payment protection is an optional insurance policy which covers the cost of mortgage or loan repayments for an agreed period of time in the event of sickness, injury or unemployment.
In the UK payment protection insurances policies are sold as accidents, sickness or unemployment plans (ASU). An ASU policy differs from an income protection or permanent health policy that usually does not cover you in case of unemployment or redundancy. ASU plans are usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and is usually restricted to two years from the date of the first payment.
Getting the right payment protection insurance policy in the UK specifically for your circumstances can be complex and we would recommend you consult a qualified advisor.
We recognise that most people buy online to save money. Beat That Quote™ is independent so unlike a bank or tied agent that only sell a limited range of products, our advisors search the whole market to find the best value UK payment protection insurance policy.
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