Friday, April 4, 2008

The need for Mortgage Payment Protection Insurance

The need for Mortgage Payment Protection Insurance
No one knows what the future will hold and if you become unemployed or need to look after a partner, spouse, parent or child full time or you were disabled due to an accident or sickness (Disability) you may not be able to meet your financial commitments. Over 70% of people will not qualify for Income Support and those who do will receive a small percentage of their normal income.

Mortgage payment protection insurance
provides protection in the event of Carer, Hospitalisation, Accident & Sickness (Disability) and Involuntary Unemployment.

Mortgage Payment Protection Claims Procedure
In the unfortunate event of you becoming disabled or made Involuntary Unemployed all you need to do is telephone the claims administration help line on 0845 408 0270 and all assistance will be provided.

In order to qualify for a claim you would need to be unable to work due to:
Unemployment for 30 consecutive days without interruption.
Accident & Sickness (Disability) for 30 consecutive days without interruption.
Hospitalisation for 7 consecutive days without interruption.
Carer cover 60 consecutive days without interruption.