TodayInsurance.net

How do you know if you re eligible for mortgage repayment protection insurance? Well for one, if you have a direct line of mortgage that is not currently in arrears then you would be eligible. However, you must be at least 18 years of age. You also have to reside and be employed in the same location as you are applying for protection. Your employment status cannot be any less than a 16 hour paid job. On the condition that you are employed under a fixed term contract, you are likely to still be eligible.

Costs for mortgage repayment protection insurance can vary according to what you specific require within your policy. The incentive of the repayment option is that it offers additional protection which is a secure resource for a peaceful mind. Coverage varies as well but in most cases it includes protection if you are off work due to incapacity incurred through long term illness or accident for more than two consecutive weeks. The policy provider will ensure that the mortgage is paid each month unti (more...)