Payment Protection Insurance from Insurance Central

  
Payment Protection Insurance from Insurance Central
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   What Happens if I Don't Take Out PPI?

What Happens if I Don’t Take Out PPI?

If the loan company insists on payment protection insurance cover to get the loan, you might want to consider whether you really want to take the loan with that particular lender. Have a think about the cost of the payment protection insurance and the benefits that will be paid if you make a claim on the insurance policy. Check whether insurance payments from a PPI policy would affect the benefits that could be paid from any other protection insurance that you might already have.

If you don't take out PPI insurance, you should think about how you would pay the mortgage, loan or credit/store card payments if you were had an accident or were sick and were unable to work or became unemployed.


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