Mortgage protection insurance is designed to provide peace of mind covering up to 125% of your monthly mortgage payments should you be unable to work due to either accident, sickness or unemployment.
The mortgage protection payments are then paid for up to either 12 or 24 months depending on the cover.
NB. This page details short term mortgage payment protection. If you require protection that will pay off your oustanding mortgage should the worst happen please visit our life insurance page.
Insure your mortgage payments against accident, sickness and unemployment.
Protect up to the lesser of £2,500 or 60% of your gross (pre-tax) earnings.
Choose a length of cover which will either pay out for up to 12 or 24 months.
Cover up to an additional 25% of your mortgage payments for associated costs.
If you are looking for mortgage protection cover but are a little unsure and need some guidance then let us help, don't worry there is no fee for this service.
Call 0800 612 7897, email us at personal@drewberryltd.com or click below and submit your details.
Set a deferred period which aligns with any occupational sick pay you may receive.
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Taking out protection for a new mortgage can be cheaper than covering an existing mortgage.
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Set your budget and then compare plans to ensure value for money.
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Joint policies are available to cover payments for a mortgage which is in joint names.
When looking to buy any personal insurance it is vital you do your homework to understand your options or have an insurance expert do it for you.
When considering a plan it is important to recognise the differences between mortgage protection cover and an income protection policy. Mortgage protection insurance provides short term cover for a specific debt if you are unable to earn an income due to accident, sickness or unemployment.
When needing any sort of insurance it is vital to do your research or pass this role to an expert in the field.