UK Mortgage Protection

mortgage protection insurance uk

About mortgage payment protection insurance

is what many refer to as mortgage payment protection insurance in the UK.  This is not to be confused with what the USA call mortgage insurance.  In the UK, mortgage payment protection insurance does 'exactly what it says on the tin'.  It protects your monthly mortgage payments by insuring against unemployment.  The most common forms of unemployment are ones caused by accident, sickness or redundancy.

You do not have to take out mortgage protection with your lender, you CAN shop around.  Independent Mortgage Payment Protection Insurance can help you protect your and other household costs if you become unemployed or suffer an accident or sickness (this is known as a disability).

You can insure your monthly mortgage payment, monthly life premiums and the monthly cost of your household insurance and you also have the option to take 25% additional cover.

The type of cover available under this policy

The cover you have selected is specified on your Certificate of Cover.
The following cover is available to you:

  • Unemployment and disability insurance cover or;
  • Unemployment only insurance cover or;
  • Disability only insurance cover

Unemployment and disability cover will provide you with the maximum level of protection under this policy.

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