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And that's why there are products to insure you against this risk called payment protection insurance (PPI). It's a shame that in the UK, PPI is now synonymous

And that's why there are products to insure you against this risk called payment protection insurance (PPI). It's a shame that in the UK, PPI is now synonymous with mis-selling. The true cost of debt should be the interest rate and the costs to insure the debt (buildings insurance, landlords insurance, car insurance, PPI...)

TeMPOraL 6y ago
How are they working out right now? It's one thing for an insurer to have a steady but small stream of policy payouts; it's another when half of your customers suddenly need a bailout at the same time.
- Tomte 6y ago
  Insurance companies buy re-insurance themselves