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How To Protect Consumers & Credit Providers and Boost Income

How can specialised insurance benefit the consumer, credit provider, insurer and Debt Counsellor? How can consumers avoid having their insurance claims turned down because of their debt review?

‘making sure that consumers who enter debt review have the right insurance cover can benefit all parties’

This video interview with Elliot Schwartz of Meliorleaf discusses how making sure that consumers who enter debt review have the right insurance cover can benefit all parties. It looks at how this can also be a small passive source of income for Debt Counsellors as well as benefiting consumers who need to make claims.

As you will have seen in the interview (above) some insurers will load premiums (make it more expensive) just because people are in debt review. This is not realistic or fair. Some insurers will even try get out of paying an insurance claim just because the person claiming has begun debt review. This highlights the value of insurance specifically for people in debt review.

You will also see how Meliorleaf has a Motor Replacement Policy which helps clients replace their car while under debt review (Remember: consumers under debt review are not able to go out and get vehicle finance if the car is written off).

‘If you are a consumer in debt review feel free to ask your Debt Counsellor to put you in touch with a qualified and registered insurance expert’

Debt Counsellors too can see the financial benefits of partnering with the right insurance providers to provide ongoing income including on an existing book of clients.

If you are a consumer in debt review feel free to ask your Debt Counsellor to put you in touch with a qualified and registered insurance expert who can talk you through the cover you have, the cover you need and the cover you can afford.