Mortgage Payment Protection
(Also called accident, sickness and unemployment insurance)
What’s it for?
You might want to consider this if you have a mortgage. A typical policy will start to pay your mortgage one month after your income stops due to redundancy, accident or illness, and continue to pay for 12 months.
What do you need to know?
You don’t have to have this type of cover at all (unless it’s a condition of your loan) and you certainly don’t have to buy it from your own lender. You can shop around for the best deal for you.
