Payment Protection Insurance
Our insurance protects policyholders in the event they are unable to pay a financial commitment following an accident, sickness, and/or unemployment.
Who we work with
- Coverholders
- Mortgage lenders and intermediaries
- Specialist intermediaries
- Other lenders
- Leasing companies
- Utility providers
Coverage
Insurance for homeowners, tenants, borrowers, parents, and lessees.
- Mortgage Payment Protection Insurance: we offer cover for homeowners and tenants if they are unable to work due to an accident, sickness, or involuntary unemployment, preventing missed mortgage payments.
- Bill Repayment Protection: our insurance covers the regular payment of household bills such as utilities (electricity, water, gas), internet, phone services, and other recurring expenses.
- Short-Term Income Protection: we offer a safety net by replacing a portion of your income if you are unable to work due to illness, injury, or other covered events for a short period, maintaining financial stability.
- Loans & Leasing (including credit card repayments and car leasing): our cover protects against the repayment of borrowed money from financial institutions, including personal loans, business loans, student loans, and credit card balances. Also, leasing payments for using a vehicle over a specified period.
- School Fees Repayment: we offer insurance to cover the payment of educational expenses, such as tuition fees.
- Subscriptions: a lifestyle cover that maintains chosen subscriptions, fees and commitments.
What sets us apart
- We lead the way in different markets with our well-established products, continually exploring new opportunities and pioneering advancements in the insurance sector. Our innovative approach ensures that we remain at the forefront of the industry.
- We believe in building long-term partnerships. Our commitment to mutual growth and success is reflected in the strong, lasting relationships we maintain with our clients.
- Our claims team is renowned for its diligence and attention to detail. It ensures that every aspect of the claims process is thoroughly managed, providing our clients with a seamless and efficient experience.
Speak to one of our specialist underwriters
FAQs
What is Payment Protection Insurance?
Payment protection ensures that financial commitments are covered if the policyholder cannot work due to:
- An accident
- Illness
- Involuntary unemployment
It provides policyholders with financial stability during unforeseen challenges, offering peace of mind that their housing costs, loans, etc can be met.
How Does Payment Protection Insurance Work?
Payment Protection Insurance works by providing regular payments to cover financial commitments when a policyholder is unable to earn income.
Once a claim is approved, the insurance pays an agreed amount directly to the lender or policyholder for a specified period. This ensures housing commitments are maintained.
