Compare Mortgage Protection Insurance
Do you know what’s worse than losing the roof over your head? Nothing! Absolutely nothing!! Especially when such a disaster can be avoided. With mortgage payment protection insurance, you are absolutely certain of having a roof over your head. Unless a terrible storm occurs. And then, you’ll still have walls to protect you. Stick with us. This guide will tell you how to, and why you need to compare mortgage protection insurance.
What is Mortgage Protection Insurance?
Many times, we take out mortgages with the knowledge that we will always be fit and healthy. Healthy enough to make money and complete the mortgage payment. However, this is often not true. Unplanned incidents happen and these might hinder us from carrying out our duties.
The accidents which occur, however, ought not to strip us of basic amenities. Especially our mortgage payment. This is why a lot of people take out mortgage payment protection insurance. This cover ensures that when accidents, sickness, or unemployment occurs, the mortgage payment doesn’t suffer.
Eligibility to Compare Mortgage Payment Protection Insurance
In just a few minutes, you can fill in your details here and compare mortgage protection & income insurance in the UK. However, not everyone can easily get this insurance. Some of the individuals excluded from this insurance cover are highlighted below.
If you are a new employee at a company, mortgage payment protection insurance will not cover you for the first 3 to 6 months of employment. However, if you have spent quality time at that particular company, you are free to enquire from your employer. You should be entitled to a significant payout if you are unable to dish out your duties for any reason and this payment will cover your mortgage payment.