Customers Do Pay Over the Odds For Payment Protection Insurance

By Jonathan L Walker

If you have taken out insurance for your home or your loan then you are at serious risk of being charged far too much, just for protecting yourself. The Competition Commission has been carrying out reports again, and have found there to be little or no competition within the payment industry. This is why those that provide it charge lots.

As well as this, consumers appear totally oblivious to the fact that they need to shop around for this type of thing, prior to paying for anything. A lot of people are so blinkered by the ostensible trustworthiness of the financial institutions, that they do not realise that they do not have to take out payment protection with the same company that they did the borrowing from. Did you know that?

If your looking for something that's worth 1.4billion a year then you will find it in the PPI industry, because that is how much its worth. This is not so much though, when you look at the rip-off deals people have been getting. A stand alone PPI is the best deal you can get, costing about £3.00 for every £100.00 worth of borrowing that you do. If you are getting PPI from the nice friendly financial institution that you got the loan or the mortgage from, then you can forget that. Expect to pay more like £28.00 for every £100.00 borrowed!

As well as making PPI prices unbelievably high, Some of these financial institutions will knowingly sell PPI to people that cannot make a claim if they need to, which is unbelievably awful. There are loads of mitigating circumstances written into PPI policies that are designed to make it really difficult to make a claim. As this is the case, it is important that anyone considering taking out PPI has a really good look at the product they are purchasing, and understands implicitly what the rules and regulations of the policy are. You really need to be reading the small print. If you are going to sign for something called premium PPI, then you need to be even more careful, because premium PPI gets attached to a loan and you therefore have to pay interest on top of however much the PPI cost you in the first place.

Because absolutely loads of people have been contacting the citizens advice bureau, in regards to all of their loan and mortgage repayments and PPI policies, a complaint of colossal magnitude has been presented to the Office of Fair Trading, or OFT. It was at this point that the Competition Commission decided to get involved, and what they did was they got themselves to carry out a survey of the market. During this survey of the market they have been working for 16 months and will not be publishing anything until December.

They are expected to come up with a catalogue of recommendations, which will be designed to protect the consumer, and regulate the industry somewhat. It is thought that one of the recommendations will be a temporary limit on how much companies can charge for PPI. One other prospective recommendation is that the companies will have to explain that it is not compulsory to take out payment protection with them, just because it is them that they took the borrowing with. With all of these measures being implemented, the market should become far more of a level playing field. All told the whole industry should benefit from being regulated, and this is inclusive of the customers.

This article is written by Jonathan L Walker, on behalf of Claims Management UK, specialising in helping people with their Mis-Sold PPI.

Free Insurance Quotes Fast

By Natasha Wilson

There are many reasons you might need a fast insurance quote from a business. Speed is important. In addition, you want to ensure that your quotes are free. You should never pay money for insurance quotes of any kind.

When you go shopping for a car at the car lot and you find the one you want to buy, you want to be able to drive it off the lot the night you buy the car. It is the law that a car lot cannot allow you to drive away with the car unless you are insured with auto insurance. The problems that arise here is that many companies are not available to give immediate quotes. It could take hours or days. Some people just go with an insurance company because they get a rate over the phone and they want to go home with the car. The problems occur when they don't look for car insurance quotes and get the highest rates.

You can get excellent rates for your auto insurance super fast when you go through the medical quote finder online. This system can give you auto insurance quotes in just a couple of minutes. They can help you find the right policy for you fast and efficiently so you can drive the care off of the lot the same night you buy the car.

Getting a free quote is also important when you are looking for any type of insurance like medical insurance, life insurance, and auto insurance. You should never pay money for a quote when you can get it free. In addition, if you are paying money for a quote you most likely will be paying a very high rate on your insurance also.

Time and money is very important to most people. If you can get the fastest quotes possible to find you the lowest rates for every type of insurance you should do it. There is no excuse for paying an extreme amount because you took what you could get.

Natasha Wilson has been assisting consumers in saving on their Free Insurance Quotes since 2004. She is standing by to assist you in all your Auto Insurance needs.

Benefits of Combining Policies With the Same Insurance Provider

By Natasha Wilson

There are three major insurances people should be covered with. Auto insurance is the most common insurance because people need it to abide by the law. Life insurance and health insurance are not required for daily living and most people cut expenses by cutting out these costs. This is not a good idea and should be avoided at all costs.

Insurance for life, health and automobile is very important. It is a must have. You might think you are saving money each month by choosing to not pay for medical insurance but if you get sick you will have to pay more money in the long run. If your illness puts you in the hospital the bills may be several years worth of what the insurance rates would have cost you. In the long run you will save more money by making a good decision for your health and your life by having all of the insurance coverage you need.

The best idea when you look for medical insurance quotes is to also get car insurance quotes and quotes on life insurance too. Paying for three different insurance policy will be expensive and is silly. There are plenty of companies who can meet your insurance needs on all of your policies. This means you will only have one bill to pay each month. You will have total convenience and you will be paying much less money. Many insurers offer discounts when you have multiple insurance plans through them too.

You can get all of the insurance you need in life when you combine your insurance with the same company. It is important to shop around and get all of the quotes you can. Medical Quote Finder is an excellent place to start for your quote needs for auto insurance, term life insurance, and medical insurance. You can have a quote in minutes for all of these plans. Chances are good you can find a company that will offer you all of your insurance needs on the same plan.

Natasha Wilson has been assisting consumers in saving on their Medical Insurance Quotes since 2004. She is standing by to assist you in all your Free Insurance Quotes.