Cover Selector
Mortgage payment protection insurance
- A choice of cover options
- Back-to-day-one cover
- Age rated premiums
What does this insurance do?
Age-related mortgage payment protection insurance gives young and middle-aged homeowners exceptionally low cost cover against the risk of losing their job. This insurance cover can ensure that your mortgage outgoings are taken care of for up to 12 months if you can't work due to illness, injury or involuntary unemployment. Unlike most mortgage payment protection insurance policies, the cost is rated on your age with the youngest people getting the lowest rates. Premiums do not subsequently increase as you grow older.
Why do I need this insurance?
Young homeowners often can’t budget for standard mortgage payment protection insurance, but since they have spent every last penny on getting onto the housing ladder, they tend to be the ones who need mortgage payment protection insurance cover most. Everyone is vulnerable to the risk of illness and you can't guarantee that you will not suddenly find yourself surplus to your employer’s requirements. If you think you can't manage to insure your mortgage, this insurance makes safeguarding your home affordable.
Why buy this mortgage payment protection insurance from British Insurance Limited?
British Insurance Limited is unique because we offer age-related mortgage payment protection insurance which often costs young and middle-aged policyholders under half what it costs to buy cover from mortgage lenders. It also provides greater flexibility and more immediate benefit pay-outs after only 30 days with payment backdated to day one. This contrasts with many mortgage lenders’policies which do not pay out until after an initial 60 day exclusion period. British Insurance Limited won the Mortgage Magazine ‘Best Insurance Broker 2006 ’ Award and is the exclusive provider of mortgage payment protection insurance to the 2,500 members of the British Insurance Brokers’ Association.
Loan payment protection insurance
- Tax free claims benefits
- Back-to-day-one cover
- Age rated premiums
What does this insurance do?
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. The cost is based on the monthly loan payment you want to cover and your age at the outset - premiums do not rise as you grow older. Claim payments are made if you have been off work for 30 consecutive days and are backdated to day one, with a maximum of 12 months payments.
Why do I need this insurance?
Do you have enought savings to tide you over if you lose your job? State benefits may help to pay for basic necessities like food but there is unlikely to be anything left over for loan repayments. Most young people realise that they are vulnerable to the risks of incapacity and unemployment, but may not feel able to afford standard loan payment protection insurance. But this age-related loan protection insurance cover is more likely to be within reach of your budget.
Why buy this loan payment protection insurance from British Insurance Limited?
British Insurance Limited is the only provider to offer age-related loan payment protection insurance. This means that we can often offer cover to younger people for under half the cost they would be charged by those selling non-age-related insurance. We also provide better insurance cover than most lenders, offering greater flexibility and more immediate claims pay-outs. British Insurance Limited’s insurance products have topped Which? 'best buy tables', are regularly featured in the national newspapers and magazines, as well as being confirmed as the best of their kind by leading research company Defaqto.
Income payment protection insurance
- Tax free claims benefits
- Back-to-day-one cover
- Age rated premiums
What does this insurance do?
Age-related income payment protection insurance offers exceptionally low premiums if you are young or middle-aged and wish to insure against losing your income. It pays a monthly benefit for a maximum of 12 months if you can't work as a result of accident, sickness or involuntary unemployment. This policy is not linked to any particular debt and the benefit payments can be spent as you wish. The cost is determined by the amount of cover chosen plus your age at the start of the policy and does not rise each year as your age increases.
Why do I need this insurance?
It’s all too easy to take the enjoyment of a regular income for granted. But even the best employees can find themselves unable to earn a living as a result of developing health problems or finding themselves the victim of corporate restructuring. Unfortunately, state benefits only allow you to have the most basic of lifestyles. So, unless you have generous sickness benefits at work or a partner or parent who is able to support you, it is advisable to have some form of income protection insurance.
Why buy this income payment protection insurance from British Insurance Limited?
British Insurance Limited is the only provider that offers age-related income payment protection insurance, meaning that we are exceptionally competitive for young and middle-aged people. We are the exclusive provider of payment protection insurance to the 2,500 members of the British Insurance Brokers’ Association (BIBA) and won Mortgage Magazine’s ‘Best Insurance Broker Award 2006'. Our products are regularly featured in national newspapers like The Times, The Telegraph, The Guardian, The Financial Times and The Mail on Sunday. British Insurance Limited is renowned as a consumers’ champion and we adhere to the highest ethical standards.