With so much press comment around about cancelling Payment Protection Insurance (PPI) we are often asked where customers who do want cover can go online to purchase standalone PPI or Income Protection Insurance (IPI).
These policies are used to protect the customer in case they are unable to make loan or mortgage repayments following unemployment or sickness.
Anyone buying PPI cover must be sure they read all the information and questions asked by the insurer to make sure they are eligible to buy the policy, and make sure they understand any exclusions which might apply to claims (such as restrictions on backache or mental illness claims, or for pre-existing medical conditions).
The following companies all sell cover on a stand-alone basis:
Standalone Mortgage Payment Protection
Provider |
Web Address |
Phone |
Cost * |
Ant Insurance |
www.antinsurance.co.uk |
020 8972 557 |
£2.36 |
British Insurance |
www.britishinsurance.com |
08450 175 178 |
£3.25 |
Churchill |
www.churchill.com |
0800 404 770 |
£4.00 |
Post Office Ltd |
www.postoffice.co.uk |
0800 633 967 |
£4.50 |
Web Money |
www.webmoney.co.uk |
0845 155 1931 |
£3.50 |
Standalone Income Protection/Payment Protection
Provider |
Web Address |
Phone |
Cost * |
Ant Insurance |
www.antinsurance.co.uk |
020 8972 9557 |
£2.50 |
iprotect |
www.iprotectinsurance.co.uk |
01962 877 818 |
£2.64 |
British Insurance |
www.britishinsurance.com |
08450 175 178 |
£4.05 |
Hitachi Capital |
www.hcforyou.co.uk |
0870 850 8116 |
£4.25 |
Paymentcare Ltd |
www.paymentcare.co.uk |
0870 428 4088 |
£4.40 |
Pinnacle Insurance |
www.pinnacle.co.uk |
08000 350 292 |
£2.69 |
Web Money |
www.webmoney.co.uk |
0845 155 1930 |
£4.44 |
* Cost is cost per £100 of cover for a 35 year old man, with 12 months benefit. Note that premiums vary markedly and this is in part because differing policies offer different features and benefits.
