|
Must I take our insurance to cover my personal loan?
Although it is rare that the terms of the loan will demand you affect insurance to
repay the debt were you to die or be taken ill, it is wise to consider how you would
make your repayments were something terrible to happen. A number of insurance companies
offer policies or payment protection schemes designed to protect you in the event of
accident, illness or even redundancy.
If you are looking for insurance cover as protection for your loan repayments,
it is very wise to shop around to obtain the most competitive insurance cover for
your needs. Although most lenders will happily arrange cover for you, it is possible
that you can obtain cheaper or better quality cover by looking to the specialist insurers
|
|
