Payment Protection Insurance

Payment Protection basically covers your monthly balance payment in the event of a accident, illness or unemployment which would render you unable to make your monthly payments. Generally these policies work out to be poor value in comparison to income protection insurance or health insurance policies, that cover you for a much wider range of financial payments, including your salary. You should compare a wide range ofinsurance cover before accepting a payment protection policy from your credit card issuer. Don't confuse Payment protection insurance with card protection services like Sentinel, which cover against credit card fraud.