PersonalAccident.co.uk

Loan Payment Protection Insurance cover

Protect your loans against accident sickness or unemployment
 
Personal Accident Sickness and unemployment insurance  
 
 
           
 
 
Protection Covers
Income Protection Insurance
Mortgage Protection
Loan Payment Protection
Personal Accident Cover
Unemployment Insurance
Health Insurance
Critical Illness Insurance
Lifestyle Insurance
Sports Accident Insurance
Redundancy Insurance
Business Mortgage Protection Insurance
 
Help
Policy Cover Eligibility
Understanding the Contract
PPI Policy Types
Contact Us
Privacy
Car Accident Insurance
Accident Claims
 

Personal Accident is a trading style of Insuretec Ltd who are authorised and regulated by the FSA No 422934 for the marketing & selling of mortgage protection insurance, income protection insurance and lifestyle insurance products and are covered by the FSA financial services compensation scheme.

We are agents for many PPI specialist companies including British Insurance, iprotect, Safety First, Sports Cover and Pinnacle plc, all who are authorised, regulated and covered in the UK by the FSA.

UK Loan Payment Protection Insurance

This award winning Loan Insurance is designed to protect the loan repayments you make to your finance company if you lose your job due to involuntary unemployment, redundancy and/or are unable to work due to a disability (accident or sickness), you suffer a specified critical illness or you die.

Our Age-related loan payment protection insurance gives exceptionally low cost cover to young and middle-aged people who want to protect their loan repayments against being unable to work due to illness, injury or involuntary unemployment, but prefer paying cheaper premiums.




Loan Payment Protection Insurance

British Insurance Awards for best UK payment protection products

The cost is based on the monthly loan payment you want to cover and your age at the time you take out the cover.
The premium you pay does not rise as you grow older.
Claim payments are made if you have been off of work for 30 consecutive days and are backdated to day one of your claim, with a maximum of 12 months payments.

This Loan Insurance will:

  • repay your monthly loan amount in the event of your involuntary unemployment or disability for up to 12 months or to the end of your loan agreement, whichever is earlier;
  • repay your outstanding loan balance in the event of your death or you being diagnosed with a specified critical illness.

The plan ends if we pay out the balance of your loan in the event of your death or critical illness.

Who needs Loan Repayment Insurance?

Just consider these worrying statistics about unemployment and disability in the UK:

  • 1200 families have their home repossessed in the Uk in the first quarter of 2009.
    The majority of these repossessions are because of the financial hardship caused by unemployment due to the credit crunch.
  • 20% of all working age households (3.8million) have someone who is currently out of work.
  • Every day 500 people loose their job through redundancy. Nearly 80% of unemployed men and 50% of unemployed women will be out of work for over 6 months.
  • A third of all people aged between 26-37 have experienced unemployment for a period exceeding 2 months. Due to the current economic crisis - this is expected to double
  • Every day 3,500 people will attempt to claim State Disability Benefits.
  • Nearly 3 million people are disabled and have been unable to work for a year or more.

    Source: Department of Work and Pensions, 2009

Personal Accident offers loan payment protection insurance to avoid the above scenarios at some of the cheapest rates available in the UK.
Our cheap loan payment protection policy is underwritten by leading UK Insurers, giving you the peace of mind that if the worst happens, your repayments are covered until your unfortunate situation improves
     


Copyright © 2009 PersonalAccident.co.uk