Mortgage Income Protection

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Short Term Mortgage Income Protection
Long Term Mortgage Income Protection
Mortgage Protection Life Insurance
Mortgage Protection Critical Illness

Mortgage Income Protection

Loosing your job can cause many problems, not least that there simply may not be any money to pay the bills. Most will agree that their home is their most important possession. If mortgage payments cannot be made re-possession becomes a distinct possibility.

You cannot rely on the state to give you help to cover your mortgage payments if you cannot work. There is no help for the first nine months of unemployment or disability for mortgages taken since October 1995. Existing borrowers only qualify for benefit if they qualify for Income Support.

You can buy Mortgage Protection Insurance to protect your mortgage payments if you have an accident or become ill and cannot work, if you become unemployed. The terms and conditions under which you can claim differ with every policy.

Most Mortgage Protection policies have an excess period, for each claim. An amount of days, 30, 60 or more which are excluded from the claims payment. Alternatively some have a waiting period after which time the claim is paid in full. With a 30 day waiting period, on the 31st day of unemployment or disability the claim is back dated to day 1 & paid in full.

Most Mortgage Payment Protection providers will cover your mortgage payment and a little extra for mortgage related bills, such as pensions, insurances etc. They usually offer an extra 5, 10 or even 25% but may have conditions on what this money can be used for.

Most people reaching this point would have already decided that Mortgage Insurance is a good idea so why choose UKinsuranceNET?

We work with the leading UK insurance companies, ensuring that you not only have the best cover but also obtain an excellent quote. Speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.