Mortgage payment protection insurance
Mortgage Payment Protection Insurance - Jargon Buster
In order to explain some of the complex words and phrases contained within the mortgage payment protection insurance section of britishinsurance.com, we have produced a jargon buster to help to assist your understanding:
Accident – This is defined under mortgage payment protection insurance from British Insurance as a sudden violent event that happens by chance and which was not to be expected. Extra information can be found at Section 4.1 of the insurance certificate.
Agreement – This is defined under mortgage payment protection insurance from British Insurance as the mortgage that is granted to you and which this mortgage payment protection insurance relates.
British Insurance – This is the organisation that manufactures this mortgage payment protection insurance policy, who is available to answers any queries that you have. Extra information can be found at Section 4.2 of the insurance certificate.
Chronic Condition – This is defined under mortgage payment protection insurance from British Insurance as a condition that is incapable of being cured or irradiated and often re-occurs. Extra information can be found at Section 4.4 of the insurance certificate.
Condition – This is defined under mortgage payment protection insurance from British Insurance as any illness, disease, sickness that you have or any associated symptoms. Extra information can be found at Section 4.5 of the insurance certificate.
Contract Worker – This is defined under mortgage payment protection insurance from British Insurance as any person who is employed on a fixed term contract. Extra information can be found at Section 4.6 of the insurance certificate.
Control – This is defined under mortgage payment protection insurance from British Insurance as the power to influence a company’s affair. Extra information can be found at Section 4.7 of the insurance certificate.
Doctor – This is defined under mortgage payment protection insurance from British Insurance as a registered medical practitioner. Extra information can be found at Section 4.8 of the insurance certificate.
End Date – This is defined under mortgage payment protection insurance from British Insurance as the date that your cover ends. Extra information can be found at Section 10 of the insurance certificate.
Employment – This is defined under mortgage payment protection insurance from British Insurance as undertaking any work. Extra information can be found at Section 4.1 of the insurance certificate.
Exclusion Period – This is defined under mortgage payment protection insurance from British Insurance as the initial period during which you cannot make a claim for unemployment. Extra information can be found at Section 4.11 of the insurance certificate.
Gross monthly income – This is defined under mortgage payment protection insurance from British Insurance as your monthly earnings before tax. Extra information can be found at Section 4.12 of the insurance certificate.
Incapacity – This is defined under mortgage payment protection insurance from British Insurance as an accident or sickness that prevents you from working. Extra information can be found at Section 4.14 of the insurance certificate.
Incident Date – This is defined under mortgage payment protection insurance from British Insurance as the date you become unemployed or incapacitated. Extra information can be found at Section 4.15 of the insurance certificate.
Insured - This is defined under mortgage payment protection insurance from British Insurance as you the policyholder. Extra information can be found at Section 4.16 of the insurance certificate.
Lender - This is defined under mortgage payment protection insurance from British Insurance as the entity that you are contracted to make monthly payments to under your agreement (please see above). Extra information can be found at Section 4.17 of the insurance certificate.
Misconduct - This is defined under mortgage payment protection insurance from British Insurance as being dismissed due to unacceptable behaviour. Extra information can be found at Section 4.18 of the insurance certificate.
Monthly benefits - This is defined under mortgage payment protection insurance from British Insurance as the monthly amount that you are entitled to receive from insurers. Extra information can be found at Section 4.19 of the insurance certificate.
Partnership - This is defined under mortgage payment protection insurance from British Insurance as an association of two or more people. Extra information can be found at Section 4.20 of the insurance certificate.
Payment(s) - This is defined under mortgage payment protection insurance from British Insurance as the monthly amount you must pay under your agreement (please see above). Extra information can be found at Section 4.21 of the insurance certificate.
Payment in lieu of notice - This is defined under mortgage payment protection insurance from British Insurance as monies received from a former employer under a contract of employment. Extra information can be found at Section 4.22 of the insurance certificate.
Permanently retire - This is defined under mortgage payment protection insurance from British Insurance as stopping work with no intention to return. Extra information can be found at Section 4.23 of the insurance certificate.
Pre-existing medical condition - This is defined under mortgage payment protection insurance from British Insurance as a medical condition that existed prior to the start date of your policy. Extra information can be found at Section 4.24 of the insurance certificate.
Premium – This is defined under mortgage payment protection insurance from British Insurance as the amount you must pay each month for your policy. Extra information can be found at Section 4.25 of the insurance certificate.
Self-employed - This is defined under mortgage payment protection insurance from British Insurance as working for oneself or in partnership. Extra information can be found at Section 4.27 of the insurance certificate.
Start Date – This is defined under mortgage payment protection insurance from British Insurance as the date your policy starts. Extra information can be found at Section 4.28 of the insurance certificate.
Treatment - This is defined under mortgage payment protection insurance from British Insurance as receiving advice or examination from a doctor. Extra information can be found at Section 4.29 of the insurance certificate.
Unemployment - This is defined under mortgage payment protection insurance from British Insurance as being without work due to no fault of your own. Extra information can be found at Section 4.31 of the insurance certificate.
We, Us, Our - This is defined under mortgage payment protection insurance from British Insurance as Bankers Insurance Company Limited, the insurers. Extra information can be found at Section 4.32 of the insurance certificate.
Work - This is defined under mortgage payment protection insurance from British Insurance as employment or self-employment for more than 16 hours a week. Extra information can be found at Section 4.33 of the insurance certificate.
You, Your - This is defined under mortgage payment protection insurance from British Insurance as you the policyholder. Extra information can be found at Section 4.34 of the insurance certificate.
