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.)

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Will Mortgage Payment Protection Insurance pay out immediately you make a claim?
As long as you are off work for 30 days - you can then make your claim.
What is Mortgage Life Insurance?
Mortgage Life Insurance is sometimes called Mortgage Protection Insurance.
What happens if you need cover quickly in order to complete a house purchase?
You need to take action now. Complete the quotation form now and within 24 hours ClickLife will phone and sort everyting out for you.
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.
Will your mortgage lender accept a Life Insurance policy bought online?
All your mortgage lender will want is evidence that your life is insured for the correct sum and term. A copy of your Acceptance letter will normally suffice but some lenders may want to see a copy of your policy.
Basically, Mortgage Payment Protection Insurance is designed to remove the worry of whether you could afford your mortgage repayments if you were unable to work.

To claim you have to be off work for a minimum number of days. This is known as the “qualifying period” and is usually 28 days or a month. With some Mortgage Payment Protection policies the mortgage payments will start after the qualifying period but with the policies we sell, the payment will be backdated to the day you started to be off work.

Once you have started to claim, the policy will pay your mortgage until you are either back at work or have reached the maximum number of months the policy will pay out (typically 12 months), which ever arrives soonest.

The Mortgage Payment Protection policies offered through our Product Partner, Burgesses give you the option of insuring yourself for accident and sickness, or just unemployment, or all three. The premiums are cheap so as long as you can afford them, and bearing in mind the importance of keeping up your mortgage repayments, most people insure themselves for all three eventualities.

All payments from insurance policies are tax-free.

Frequently Asked Questions related to the above topic.
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