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.
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17 comments:
I have enjoyed reading in here.
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Great post.
There are lots of useful and cheap independent suppliers of
mortgage payment protection insurance who offer online service in the UK including http://www.burgesses.com
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Mortgage payment protection insurance is important, but I feel that income insurance should be a top priority for anyone. You can get income protection quotes online, I'd highly recommend it.
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mortgage payment protection information provides lots of benefits for people to make their life secure and easier. Every person have need to take policies for their mortgage payment security to get lots of advantages of it.
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