Uinsure is delighted to announce a reduction in its Mortgage Payment Protection Insurance (MPPI) rates. The reduction, available immediately, shows a commitment to Payment Protection Insurance and the invaluable safety net that it can provide at a time when 700,000 jobs are at risk.

Recent changes, as a result of a Competition Commission Ruling, published by the Office of Fair Trading, have altered the way that MPPI is both sold and administered. Many of the changes required have been in place with Uinsure for some time, including the use of annually reviewable contracts to ensure that the product remains suitable and to avert unexpected premium increases.

The biggest change is the introduction of a point of sale ban for financial advisers wishing to offer their clients PPI products. It has been feared that this will result in advisers ‘shunning’ the product, avoiding selling it due to increased compliance requirements. However, Uinsure is urging both advisers and clients to remember the benefits of such products and understand the difference between a MPPI policy and a potentially mis-sold single premium PPI policy of old.

Recent research from the Institute for Public Policy Research (IPPR) shows that an extra 100,000 people will lose their jobs this summer and unemployment is not set to drop for at least 18 months. Similar research from the Office for Budget Responsibility shows that one in seven (700,000) public sector workers will lose their jobs between now and 2015, with many having little or no financial safety net.

Uinsure’s MPPI policy will pay a monthly benefit to cover a mortgage and associated costs for either Accident & Sickness, or Accident, Sickness & Unemployment claims. It offers a choice of excess and waiting periods to allow a product to be tailored to a client’s needs, along with a standalone Bill Protector product for non-mortgage clients.

For more information about how the Competition Commission changes will affect you, please contact our sales team on 0844 844 3844 or email us at enquiries@uinsure.co.uk

Mike Raybone
Chartered Marketer and emarketing specialist

Join the Mortgage Brain Linkedin group… click here

On 14th October 2010 a ruling by the Competition Commission relating to the sale of Payment Protection Insurance was published. The findings of this report are to be implemented on Friday 6th April 2012.

To ensure that we provide both you and your client with a compliant set of documentation after the regulatory changes are implemented, all Uinsure MPPI and Bill Protector quotations and illustrations will become invalid on Thursday 5th April 2012. Any quotation that is not submitted before this date will need to be requoted.

Uinsure remains committed to clients who have purchased a MPPI or Bill Protector product in the past and will continue to cover these clients under the same terms and conditions.

Uinsure also remain committed to providing this invaluable cover in the future and will continue to offer all of our current product options, (Including New, Existing and Non-Mortgage clients) after the changes on 6th April.

For more information about how the Competition Commission changes will affect you, please contact our sales team on 0844 844 3844 or email us at enquiries@uinsure.co.uk

Mike Raybone
Chartered Marketer and emarketing specialist

Join the Mortgage Brain Linkedin group… click here

Uinsure have introduced a no claims discount for their customers via their BTL product which is underwritten by UK General. 

The discount applied will pass on a saving of up to 10% to the customer’s final premium.

Uinsure’s BTL product can be quoted directly through their website (www.uinsure.co.uk) using your Uinsure log in details. Should you not be aware of your log in codes please contact Uinsure directly on 0844 844 3844.

A brief overview of the product follows below:

• A range of protection including damage caused by storm, fire and subsidence cover for your let property
• Buildings insurance up to £750,000
• Landlords Contents (if required) up to £50,000
• Loss of up to 12 months’ rent as a result of insured event (up to 20% of the sum insured on buildings and / or contents)
• Landlords Legal Liability up to £2,000,000
• £10,000,000 Employers’ liability cover for domestic employees
• Breakage of Glass
• Damage to underground services
• Landlords Legal Protection cover
• Legal and Tax Advice Helplines
• 12 x Monthly premium payment option

You can extend cover to include:

• Accidental Damage cover
• Loss of rent to 30% of the building sum insured and / or for up to 2 years
• Landlords legal liability cover for up to £5 million
• Rent Arrears Indemnity cover
• Home Emergency cover

Mike Raybone
Chartered Marketer and emarketing specialist

Join the Mortgage Brain Linkedin group… click here

Uinsure, the general insurance provider, has appointed AXA Personal Lines to its Buildings and Contents panel. This appointment by Uinsure will ensure that our panel of insurers will offer a significant competitive choice for IFAs, mortgage advisers, and customers.

Uinsure has a competitive panel of leading general insurance providers which provides great choice, great products and a quick and simple documentation process. Uinsure offers the unique combination of: a common policy wording for Building & Contents insurance, a simple and easy to use system, the most comprehensive compliance trail and a wide range of insurance partners.

Click here to view the full article.

Mike Raybone
Chartered Marketer and emarketing specialist

Join the Mortgage Brain Linkedin group… click here