A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Morgage Protection Insurance Jargon Buster
A
ACCIDENT & SICKNESS - Back to Day 1 start date
We will treat the first day of your 30 days as the day your doctor confirms you cannot work.
ACCIDENT & SICKNESS - when to claim
If you are no longer in receipt of your usual salary and in receipt of Statutory Sick Pay from your employer or short term incapacity benefit from the Job Centre Plus, you can make a mortgage protection insurance claim after just 30 or more consecutive days of not working through accident or sickness, the mortgage protection insurance claim will then be backdated to the first day of the claim.
Note: We will treat the first day of your 30 days as the day your doctor confirms you cannot work.
APPLYING FOR MORTGAGE PROTECTION INSURANCE
You can only apply online. Please complete our single page self-calculating Application Form and the Direct Debit Instruction. An automated email response will acknowledge receipt. If your application is accepted you will receive a welcome pack including your Policy Schedule and Policy Terms and Conditions by post within approximately 5-8 days.
ASSOCIATED MORTGAGE COSTS
You are allowed to include an additional 25% above your 100% monthly mortgage repayment to cover associated mortgage cots which could include Buildings Insurance, Endowment repayments and the cover of your Payment Protection Insurance.