Over the past 24 months, the reputation of Payment Protection Insurance (PPI) has sunk lower than any reality TV show. From mis-sold PPI and Single Premium policies to forced cover and worthless payments, things have never been so bad for the industry. The thing is, it’s the human element that has ruined PPI because as a correctly sold insurance product, it’s a very useful and worthwhile purchase.

So it was only a matter of time before an insurer came along and started putting the customer first and in turn giving PPI some credibility back. This insurer, or at least the current one, seems to be Select and Protect as they’ve seen a 90% rise in sales of their Mortgage Payment Protection Insurance (MPPI) policies. Their secret? Keep it simple, useful and competitive by the looks of it. Oh and let the customer decide if they want it or not.

Now all we need is the rest of the providers to do the same.

Related posts:

1. Mis-sold PPI Costs Swinton £770,000 in Fines From The FSA
2. PPI Claims Companies Get A Grilling
3. Mortgage PPI Compensation Mess-Up
4. PPI Claims Reduced By Tighter Regulations
5. PPI Fine Brings Out The Best In Swinton