Where to Buy Payment Protection Insurance

Payment Protection Insurance (PPI) may be offered to you by your lender during the loan application process. Alternatively, it can be purchased directly from a wide range of insurance providers either on the internet or via telephone. If you do decide to take out insurance for your loan, be aware that you are not obliged to take out the insurance offered to you by your loan provider. Insurance offered by independent providers may prove cheaper than that offered by your lender, and PPI can be taken out at any stage of your loan repayment term. Payment Protection Insurance is worth shopping around for, since rates offered can vary widely between different lenders and insurers.