Mortgage Payment Protection Insurance protects you in the event of you being unable to make your mortgage payments as a direct result of pre-defined events such as involuntary loss of employment, sickness or disability.
You can take out Mortgage payment protection insurance at the time of your mortgage or later as you consider it to be appropriate.
The amount you have to pay to protect your mortgage depends partly upon the policy details (i.e. on the breadth of the circumstances covered) and partly on the size of your monthly mortgage repayments.
If you search around, you may be able to find introductory discount offers or even a fee-free period. Some providers will offer additional benefits such as assistance in finding work when you become unemployed.
For a mortgage payment protection quotation, please click here.
Your home is at risk if you do not keep up with the payments on your mortgage or other loans secured on it.
