Mortgage Protection Insurance
Protecting your mortgage
Your mortgage payment is likely to be the largest monthly payment you will make. It is extremely important to make sure that if the worst was to happen, your mortgage will be repaid. Our mortgage advisers will help you to understand and recommend the right policies to cover all areas that may be of concern to you.
This type of insurance covers you in the event of death or serious illness. This means that your mortgage can be repaid and will provide you and your family with more security during what could be an extremely difficult time.
Protecting your monthly payments
Mortgage Protection Insurance allows you to protect your monthly mortgage repayments in the event of losing your income through accident, sickness or unemployment.
This policy will provide a monthly payment to ensure that your mortgage and some household commitments can continue to be paid. Cover is usually paid for a maximum 24 month period, providing you and your family with some financial assistance during a difficult period.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk