From This is Money:
The 40-year-old marketer from Kensal Rise, north-west London, will see the monthly cover provided under her MPPI policy with Cardif Pinnacle increase from £1,000 to £1,500.
This is after it was controversially cut by a third earlier this year by the insurer.
‘It’s wonderful news, especially given my mortgage payments are about to go up and I am the only breadwinner in the house,’ she says.
Husband Cedric, 41, is still recovering at home from a kidney transplant and they have an 11-year-old son, Kori.
As its name implies, MPPI helps pay mortgage bills in the event of a homeowner losing their job or suffering serious illness.
In theory, it is an invaluable form of insurance, but early this year a number of providers, including Cardif Pinnacle and the Post Office, decided to offer customers a stark choice – either pay higher premiums or see their cover drastically reduced.
Most customers, including Alison, had no choice but to go along with the insurer’s demands,…
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