Commercial Loan and Remortgage Payment Protection Insurance / Payment Protection Plan (PPP)
When taking out a loan or remortgage it is important that you consider adding Payment Protection Insurance (PPP) to your loan.Sometimes called a Payment Protection Plan (PPP) it is there to give you some peace of mind in an uncertain world, this valuable insurance is designed to protect your payments in the event of unforeseen circumstances affecting your health or lifestyle.
For just a small additional payment each month you can apply for cover to protect against sudden illness, accident, sickness or redundancy.
The benefits compared to the costs are clear, and offer you and your family or dependants a sensible safeguard plus peace of mind that your financial commitments are protected.
You and your partner have the option of choosing single or double cover protection. Single is intended for applicant one or the main income provider. In some cases, insurance protection can provide free life cover.
We are also able to offer payment protection insurance for people who are self-employed.
If you were unfortunately unable to work due to illness or redundancy the loan payment protection insurance will make the payments for you which will be a huge relief in a time of great stress.
For just a small monthly amount the of weight the payment protection plan (PPP) lifts from you is more than enough to justify the small cost.
Applying for Payment Protection Insurance is really easy, just leave the payment protection box ticked on the loan / remortgage application form when you apply or ask the loan manager who calls to discuss your loan about a Payment Protection Plan (PPP) and they will be pleased to talk you through it.
