The product lives on

Insurers have moved to reassure brokers that mortgage payment protection Insurance (MPPI) is still an option as the market sees changes to availability. Changes in the UK economy have impacted nearly every factor insurers take into account when rating their products. In addition, the Association of British Insurers has revealed unemployment claims on MPPI are up 118% on the year. As such, many insurers are reviewing the areas of cover they offer. In January Uinsure announced changes to the availability of its MPPI, including withdrawing the option for stand-alone MPPI. Uinsure will no l...