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St. Andrews to become MPPI underwriters for Select and Protect

St Andrew&#39s is set to assume underwriting duties for all new and existing business on Select and Protect&#39s mortgage payment protection policies from December 1 2003.

The company says that with 2,500 advisers working as active agents, Select and Protect is perfectly positioned to service the growing MPPI market.

John Blundell, managing director of St Andrew&#39s Group, says: “With the average property price having more than doubled over the last decade, purchasers are having to take on higher levels of borrowing to buy their homes.

“It makes sense to insure against the loss of that home by selecting MPPI as a key insurance product.

“This is an excellent move for St Andrew&#39s to increase its presence in the mortgage market, where we already have links with a number of key lenders and specialist insurance providers.”

And Simon Hood, chief executive at Select & Protect, says: “The company is pleased to appoint St Andrew&#39s as its sole underwriter for MPPI policies.

“Evaluation of this important market showed a number of areas the company wants to continue to exploit – value for money, method of payment and flexibility, and St Andrew&#39s were the natural choice in helping deliver this to the company&#39s agents.”

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  • Rud Logan 17th September 2013 at 5:25 pm

    Whatever you do, do not take out Halifax buildings insurance which is underwritten by the same company St Andrew’s. It is advertised dishonestly and the handout policy leaflets are misleading. They are extremely specific about what they will and will not cover, even though in their advertising and their policy clauses they seem to be doing everything in order to protect the homeowner, in actual fact they will cover you for very little. In order to fully understand exactly what they will and will not cover, the only way to be absolutely sure, is to have your lawyer next to you when you are signing the policy and the direct debit mandate. The latter of those two is all they are interested in and is the only thing that is sure about their insurance – i.e they will take your money, and there’s nothing you or the Ombudsman can do to get you money claimed back when the unexpected happens. Take this from one that has first hand experience of their twisted methods designed to take everything and give as little back as possible – even when you are sure you are entitled to it !

  • Rud Logan 17th September 2013 at 5:25 pm

    Whatever you do, do not take out Halifax buildings insurance which is underwritten by the same company St Andrew’s. It is advertised dishonestly and the handout policy leaflets are misleading. They are extremely specific about what they will and will not cover, even though in their advertising and their policy clauses they seem to be doing everything in order to protect the homeowner, in actual fact they will cover you for very little. In order to fully understand exactly what they will and will not cover, the only way to be absolutely sure, is to have your lawyer next to you when you are signing the policy and the direct debit mandate. The latter of those two is all they are interested in and is the only thing that is sure about their insurance – i.e they will take your money, and there’s nothing you or the Ombudsman can do to get you money claimed back when the unexpected happens. Take this from one that has first hand experience of their twisted methods designed to take everything and give as little back as possible – even when you are sure you are entitled to it !