Payment Protection

Payment protection is designed to cover specific regular payments. Our range of payment protection plans can be used for any of the purposes below:-

• Credit cards
• Hire purchase costs
• Insurance policies
• Loan repayments
• Maintenance payments
• Monthly rent
• Mortgage
• School fees
• Store cards
• Utility bills

Mortgage payment protection is generally the lowest costing method of obtaining payment protection. The rationale behind this is that this type of policy avoids adverse selection. UKinsuranceNET have a wide range of Mortgage payment protection plans.

Not all Mortgage protection plans are created equal and we can probably save you up to 50% on your existing premiums.

Before selecting your payment protection plan, ensure that you check the terms and conditions carefully. If it is cheap but has a 120 day initial unemployment exclusion period you may be better off with the more expensive policy. Remember Cheap mortgage payment protection is not always best.

Income payment protection is generally significantly more expensive because as soon as people here rumours about redundancies they take this kind of plan out and this results in significantly higher claim rates than on Mortgage payment protection.

Payment protection insurance, or PPI, is insurance that will pay out a sum of money to help you cover your monthly repayments on mortgages, loans, credit/store cards or catalogue payments if you are unable to work. This could be because you have an accident or sickness, or become unemployed through no fault of your own.