Finance News

Protect your loans and finance agreements

Em Morley - April 25, 2014

Searching for a loan can be a time-consuming and often confusing process. This can be made more difficult with added features such as loan protection insurance to consider.

Personal Loan Insurance

In the unfortunate event that you are rendered unable to work due to sickness, an accident or involuntary unemployment, then under personal loan insurance, your loan repayments could be met for 12 months or more. However, it is important to consider all of the options before agreeing to any loan protection cover.

It is best to take the time to ask yourself a few questions:

Is the policy must suited to your needs?

Do the terms and cost seem fair?

Are you paying for something that will be beneficial?

A good deal on your personal loan could be soured by paying over the odds for insurance or agreeing to pay for something that is unsuitable.

Protect your loans and finance agreements

Protect your loans and finance agreements

 

 

Shop around

Being a specialist in providing loans does not automatically make a your chosen provider a specialist in personal loan insurance products. The majority of lenders will not make it compulsory for you to take out their personal loan protection, so it is best to take the option to shop around to ensure you get the most suitable product for your needs.

One of the top specialists in providing loan protection insurance and protection insurance is British Insurance Limited, which comes recommended by a number of leading newspapers and magazines, including The Times, The Telegraph, The Guardian and The Financial Times. What’s more, British Insurance Limited products have topped Which? Polls and provides protection insurance to members of The British Insurance Brokers’ Association.

Visiting the British Insurance Limited website enables you to secure a no obligation personal loan insurance quotation, alongside all relevant information required for you to safely apply online for personal loan protection insurance. British Insurance Limited are recognised and regulated by the Financial Conduct Authority.