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What Is Mortgage Protection Insurance?

Also known as Mortgage Payment Protection Insurance (MPPI), this type of cover is designed to help you keep up with your mortgage payments if you’re unable to work due to specific circumstances.

It typically pays out a set amount each month—usually for up to two years—helping you stay financially afloat during difficult times.

 

Types of Cover Available

There are three main types of mortgage protection insurance:

• Unemployment Only – covers you if you’re made redundant.

• Accident & Sickness Only – provides cover if you’re off work due to a long-term illness or serious injury.

• Accident, Sickness & Unemployment (ASU) – offers the most comprehensive protection, covering all of the above.

How Much Will It Pay?

You can tailor your policy to suit your needs:

• Mortgage-Only Cover – pays just your mortgage costs.

• Mortgage + Bills Cover – typically pays up to 125% of your mortgage payment to help cover other household expenses.

• Salary-Based Cover – pays a percentage of your income, often up to 50% of your monthly salary.

 

What Affects the Cost?

Premiums are based on several factors, including:

• Your age

• The amount of your monthly mortgage repayments

• The level and type of cover you choose

• The nature of your employment

Want to know more or discuss which type of cover is right for you? Get in touch—we're here to help you protect what matters most.

 

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