Income protection insurance

Key pros and cons of mortgage payment protection

Pros

• Worth thinking about if you've taken out your mortgage after October 1995 or have re-mortgaged since then, as you probably won't get any help from the state with your mortgage bills if you get into trouble
• May be good if you think paying your mortgage would be difficult if you were made redundant, or were too ill to work and you don't have any other protection to cover living expenses
• May be useful to think about if you are self-employed or don't have a job which has sick pay

Cons

• Can be quite expensive
• It covers a specific debt - your mortgage, so you won't have extra money to provide for other things like food, clothing etc

Making a claim
For information on making a claim visit our making a claim section.

Back to main page