Mortgage Payment Protection Insurance

Mortgage Payment Protection Insurance (MPPI also known as Accident, Sickness & Unemployment - ASU) is one of the most cost effective methods of protecting your mortgage payments. Mortgage Payment Protection Insurance will pay you a monthly benefit if you can't work due to accident, sickness or redundancy (dependant on the contract you choose).

There are three types of Mortgage Payment Protection Insurance to consider:

- Accident, Sickness and Unemployment

- Accident and Sickness Only Cover

- Unemployment Only Cover (temporarily withdrawn by underwriters due to market conditions)

How Much Can I Cover?

You can cover your mortgage payments plus your mortgage related insurance costs e.g. buildings/contents/life/critical illness covers, plus an additional 33% up to a maximum amount of £3000. For example if your mortgage payments are £1000 per month and your insurances £100 per month you could apply for £1100 of cover, or £1463 with the additional 33%for other household bills.

How Long do Mortgage Payment Protection Insurance Plans Pay Out for?

A monthly benefit will be paid for 12 months in the event of a claim, although there is no limit to the number of claims you can make.

When does the Claim Pay Out?

We quote products that pay out once you’ve been off work for 30 days, but once a valid claim has been made, the payments are backdated to the first day that you were off work, lower-cost options are available with longer deferred periods if required.