Increased Premium on payment protection insurance !

A

Acctran

Registered User
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19
Received a letter through our mortgage provider yesterday stating that our insurance provider of Payment protection insurance has increased the monthly premium.

They have increased premium from €85 to €97 pm. Cover is for 100% each to cover mortgage repayments of €1270 pm.

I understood when we took out this policy that the premium remained constant is that correct ? Are they allowed to do this.
 
Check your policy and see what the terms and conditions say. First thing to do is to make sure you actually signed up for a guaranteed fixed premium.
 
Will do, if i can locate them ! :confused:

Its kinda necessary that we keep the policy cos my DH's job is very uncertain and he could be looking at redundancy over the next couple of months.
 
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