Mortgages Uncovered

Mortgage Payment Protection Insurance (MPPI) is a type of insurance policy that you can take out so if you cannot make your mortgage repayments for any reason covered by the policy, the policy will make the repayments.

Insurance protection for your mortgage can prove invaluable at times when you lose your job because you have been made redundant, when you are off work because of a covered illness or if you are recovering from an accident.

When you take out this insurance make sure that you declare any current medical conditions you have with the insurance provider, as they may not make the necessary payments if you claim for a condition you had before the insurance premium was taken out.