Brokers can now individually tailor customers’ mortgage payment protection insurance through a new product from Paymentshield.
The product, MortgageProtector, covers a higher percentage of customers’ monthly mortgage payments compared with the firm’s previous offerings and supports shared ownership deals.
Customers who take out MortgageProtector will only speak to individual case managers from the point of claim onwards.
The product, given a five-star rating by research firm Defaqto, includes free legal expenses cover for employment and injury disputes, free 24-hour health cover plus a legal advice helpline.
Chris Traynor, sales and marketing director of Paymentshield, says MPPI remains a low priority for many clients due to a lack of understanding.
He says: “Our enhancements have been driven by customer feedback and are designed to be easily understood.”