A recent article said advisers will soon have access to three new mortgage-related general insurance offerings which will compete with Paymentshield.
This gives the impression Paymentshield is the only provider in this market and indeed it is about time they had some competition.
As a whole of market network, can I remind everyone that there are indeed plenty of current providers out there to challenge Paymentshield – to name a few : Select & Protect, Berkeley Alexander, D&D, The Commitments. Securah (now GISecure).
This does not mean I dislike Paymentshield. On the contrary, they get used by my membership like anyone else. The point I am making is they are not the only GI provider in the current market.
Managing director The Whitechurch Network