UK Mortgage Protection Insurance

Mortgage Protection Insurance

Mortgage protection insurance is normally known as mortgage payment or repayment protection. It is an insurance that can cover you for loss of income through unemployment, accident, sickness or redundancy. Mortgage protection insurance pays a regular amount to you, usually monthly. The amount payable is determined at the outset of your mortgage protection insurance application and you can have it cover you for as much as you like (the bigger the cover, the more expensive the premium).

Many people have mortgage protection insurance to cover their mortgage as well as some or all of their regular bills, costs that don't stop just becuase you are not working. Claims will pay out after a pre-set deferment period (e.g. 4 weeks after you are made unemployed) and will last for a set amount of time.

Your Mortgage Protection

• In 2003 nearly 20% of mortgage arrears were due to ill health or unemployment
(www.whitehorse.co.uk/mortgageservices/stats).
• 779,000 people recieve support from DSS for sickenss/incapacity benefit
(www.dwp.gov.uk/mediacentre/dss)
• Did you know that only 23% of mortgages are protected
with mortgage protection insurance (statistics from www.mortgageprotectionplus.co.uk).

Make sure you don't become part of these statitsics and ensure that you have sufficient mortgage protection insurance.

Apply Online for Mortgage Protection Cover

Apply online for mortgage protection insurance cover for a policy to protect you against unemployment, accident, sickness and redundancy. There are lots of UK companies who offer mortgage protection insurances and you should shop around to compare the best terms and cover and price.

Mortgage Protection Companies