Monday, April 5, 2010
But i thought people werent falling behind??
Mortgage protection insurers said that they have been forced to hike premiums to counter the increase in the number of claims made by home owners that have fallen on hard times. Cardiff Pinnacle, protection provider for the Yorkshire Building Society, said that the increase in premiums is a direct result of the increased numbers in claims. It said that its premiums would rise by an average of Â£46 per year. A spokesperson said: "We have experienced a 166pc increase in the amount of claims paid from the end of 2008 to the end of 2009.