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Payment protection insurance is basically used to make sure that the owner of a loan doesn't default due to death, loss of a job, or severe sickness or injury. It does not excuse the borrower from paying the debt, but it helps reduce the likelihood of default on a loan.

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Q: What would one use payment protection insurance for?
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How can one obtain payment protection insurance?

You can get payment protection insurance by speaking with your insurance agent and asking whether or not the company offers such an insurance. You can try insurance agencies like Progressive or Advantage.


How can mortgage payment protection insurance help you?

Mortgage payment protection insurance can help a person if they become unable to make the mortgage payments due to an accident, unemployment, or sickness. There are restrictions in place, so one must check carefully before signing on the dotted line.


What are reasons that one would need to purchase students' health insurance?

Some of the reasons that one would need to purchase students' health insurance are for International Travel if one is going to study abroad and for protection and cover for any medical emergencies. Some International hospitals may refuse treatment if no payment can be provided.


Why would one need loan payment insurance?

Loan payment insurance may cover one for a variety of unplanned events. These may include loss of job, ill health, death or changes to financial situations. Loan payment insurance may cover either the interest on a loan, for a set period, or the loan payment in full.


How does mortgage insurance protect a homeowner?

Mortgage insurance protects a homeowner in one of two ways depending upon what type of insurance it is. Mortgage insurance is one of two types. Mortgage life insurance pays off the mortgage in the event of death. Payment protection covers job loss or disability of homeowner.


Why do government contractors need DBA insurance?

There are many reasons a government contractor would be required to have DBA insurance. The most common reason one would have insurance is for legal protection.


Why would someone purchase trike insurance?

One may want to purchase Trike Insurance to ensure that one would receive protection from financial loss if one gets into a car accident with one's motorcycle.


If homeowner dies does homeowner insurance cover it?

Homeowners insurance covers the house itself should it be damaged. Many of the policies include liability insurance so that if anyone is injured there you have protection. There are some types of mortgage insurance that cover the remaining mortgage should the owner die. But, if the lender does not require it due to a low down payment, one would have to specifically buy that.


From where could one obtain low down payment auto insurance?

One can go to local car dealers to see if they offer low down payment auto insurance. One can also go to websites such as Cheap Insurance Outlet, CarsDirect, and Free Insurance Quotation in order to obtain low down payment auto insurance.


Can you have dual car insurance on one car in state of ca?

Why would you want to? You would pay twice as much and if there is a claim the insurance companies will split the cost of the payment. It is illegal for you to attempt to profit for a loss on an insurance policy.


What kind of help does Toyota Financial Services offer?

One service offered by Toyota's financial services offer is payment protection. Also offered are credit life insurance, credit disability insurance and excess wear and tear plans.


Where can one find useful information online about how to decrease an insurance payment?

One can find useful information online about how to decrease an insurance payment by going to their local insurance agency and asking them various questions about that subject.