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Are There Any Situations That Would Result In My Claim Being Refused?: Yes there are the usual exclusions. These are summarised below but you should carefully read the paperwork that comes with your insurance documents.
How much should you insure for?: The rate you pay is charged per £100 of income you need. So, you should insure for the next £100 above the cost of your monthly mortgage repayment.
Do you have to buy your Mortgage Payment Protection Insurance through your mortgage lender or mortgage broker?: No, you don’t have to buy through your mortgage lender or mortgage broker and it will almost certainly be cheaper here online.
You have a Repayment Mortgage. What sort of Life Insurance do you need?: You need Mortgage Life Insurance. Mortgage Life Insurance makes sure that the capital outstanding on your repayment mortgage would be repaid if you died.
You want to ensure that your mortgage is paid off if you were to die or become seriously ill and could not work again. What sort of life insurance do you need?: You need either Life Insurance if you have an interest only mortgage, or Mortgage Life Insurance if you have a repayment mortgage. Then you need to add Critical Illness Insurance. You can do this all in one policy.

Frequently Asked Questions about Mortgage Payment Protection Insurance