MPPI Premiums doubled but solutions available

Over the past week, many new enquiries at The Money Helper have been as a result of clients receiving notification from their existing insurer of their premiums increasing to almost DOUBLE the current cost.

Feedback from our clients indicate that it is predominantly where cover has been arranged through British Insurance that the price-hike letters are being received.

Mr. A from Chorley has seen his premium rise from £24 per month to £47 - we were able to source new cover for him at £30 instead.

Similarly, Mr. L from High Wycombe received a letter notifying him that his premium was about to rise from £34 per month to £64, instead he took out a replacement policy at just £30.25 per month with improved cover!

It is no laughing matter though - many insurers offering this type of cover are nursing serious losses in the current climate forcing them to make drastic changes to their products or in some cases withdraw them from the market altogether.

Here at The Money Helper we still have a good range of options available for this type of cover at competitive premiums, so there is an opportunity for all clients who are facing these increases right now to get a cost-effective alternative.

Quotes can be requested via our website or by phone on 0845 003 0065 anytime.