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How would you be able to cope if you were made redundant? How would you survive financially? Would you be able to continue to make your mortgage repayments or would your home become liable to re-possession? It is no good waiting until it happens, it will be too late then to get protection! Act today and rest easy knowing that you have Redundancy Protection.
Mortgage Redundancy Insurance or Mortgage Payment Protection Insurance (MPPI) is designed to provide help with mortgage and associated repayments if the insured person is unable to work through illness, injury or involuntary unemployment. The monthly benefit payments under the Mortgage Payment Protection Insurance policy are paid out up to a maximum period of benefit which is usually either 12 months or 24 months.
Redundancy Insurance Cover sold by lenders is usually prohibitively expensive. However policies provided by independent brokers such as UKinsuranceNET are very competitively priced.
Mortgage Repayment Protection Insurance policies usually incur a fixed premium based on the amount of monthly benefit purchased. There is no loading for smokers, age, vocation or physical history but cover will not be provided for medical conditions which pre-exist the start of the Mortgage Payment Protection Insurance cover.
UKinsuranceNET mortgage Redundancy Protection Insurance policies can be tailored to suit your individual needs. Simply click for a quote. Alternatively speak to one of our highly experienced consultants today on 0845 365 1264 or fill out our online quote request form and one of our advisors will contact you.