Payment Protection Insurance protects a borrower´s ability to maintain repayments and helps them avoid getting into debt should they be unable to keep up their repayments due to Accident, Sickness (Disability) or Involuntary Unemployment.

Policies are available to protect most forms of personal credit, including personal loans and mortgage repayments. Cover is often purchased at the time the finance arrangement is made, but is also available at a later date or can be taken out as a stand–alone policy which will be much cheaper.   More detail...