Protect your mortgage repayments
- 26TH MAY 2007
The majority of us will make no bigger financial commitment than when we take out a mortgage. Protecting this investment therefore is only common sense and the best way to do this is to take out mortgage payment protection insurance
Mortgage payment protection insurance safeguards the monthly repayments should you become unable to work due to accident, long term sickness or unforeseen unemployment. It will take care of the repayments, typically for up to 12 months, and the majority of policies will also cover for other payments relating to the mortgage such as life insurance and building and contents insurance.
This insurance can seriously mean the difference between losing your home and not, as State benefits alone would not be enough for the average homeowner to live on.
All policies of this nature have exclusions within them and certain medical conditions aren’t included in policies, for example, back problems and stress.
The payment protection insurance sector has recently been in the spotlight due to the mis-selling of policies and the huge premiums that banks and building societies charge for their policies. This is why it is important that consumers realise they can shop around for the cover and don’t have to buy it alongside their mortgage.
Independent providers British Insurance are a good place to start if you are looking for mortgage payment protection insurance. They offer quality products for the best premiums available – they are among the cheapest in the market palace - and Simon Burgess from the company very often voices his opinion strongly about those who rip-off the consumer for the sake of profit.
So for the best deal on your mortgage payment protection insurance policy go and talk to Simon and his team.
