Payment Protection Insurance
Insurance to secure a loan.
Payment protection insurance is intended to secure the loan installments in the event of unemployment, illness, or death. It is often expensive and is co-financed with the loan. There is frequently a right of withdrawal, and on early repayment part of the contributions may be refundable.
What you can do now
The app creates the right letter with the correct statutes for you, free of charge and without signing up.
Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.