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Mortgage Payment Protection Insurance

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Mortgage Payment Protection Insurance (MPPI) or Accident, Sickness & Unemployment (ASU)

  • Protects your mortgage payments for a period of time if you are made redundant.
  • ASU is available to cover accident and sickness and or unemployment/redundancy. 
  • This insurance will pay your monthly mortgage premium in the event that you are unable to work due to accident, sickness or unemployment. 
  • It is available as a single or joint policy but if it is in joint names it will only pay out a proportion if one of you is unable to work.  
  • An enhancement of up to 25% of your monthly mortgage payment is available with most policies (up to a maximum of £1500) to cover related costs such as life insurance premiums and house insurance premiums. 

This type of policy will pay out for up to 12 months. If you require a policy that will pay out a monthly benefit for a longer specified fixed term then you should consider an Income Protection policy.