Are There Any Situations That Would Result In My Claim Being Refused?

Yes there are the usual exclusions. These are summarised below but you should carefully read the paperwork that comes with your insurance documents.

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What is Mortgage Payment Protection Insurance?
Mortgage Payment Protection Insurance pays your monthly mortgage repayment if you were off work due to sickness, accident, or unemployment. (Don’t forget that your home is at risk if you fail to keep up the repayment of loans secured against it.)
You have an Interest Only Mortgage. What sort of Life Insurance do you need?
You need normal, level cover, Life Insurance.
You want to ensure that your monthly mortgage repayments are paid on your behalf if you were off work due to sickness, accident or unemployment. What sort of insurance do you need?
You need Mortgage Payment Protection Insurance. This type of insurance is also know as Accident, Sickness and unemployment (ASU) Insurance.
How Much Should You Insure For?
For mortgage protection purposes the initial sum insured must always equal the capital sum outstanding on your mortgage. You should also insure yourself for the same number of years that are remaining on your mortgage.
Should I include Terminal Illness Insurance?
Terminal Illness Insurance is generally included at no extra cost on all Mortgage Life, Life and Critical Illness policies.

  • You were aware that you were going to become unemployed when you took out the insurance
  • You left your job voluntarily
  • Your work is casual, temporary or seasonal
  • You work for a Temporary Employment Agency
  • Unemployment is a regular feature of your job
  • You left your job because you were dismissed for misconduct
  • When you took out the insurance you were already suffering from the illness or condition which caused your absence from work
  • Off work due to alcohol or non-prescribed drug abuse
  • Off work due to injuries which are self inflicted
  • Off work due to failure to follow medical advice
  • Off work due to war or rioting

Frequently Asked Questions related to the above topic.
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