If you are off work for any lengthy periods due to accident, sickness or unemployment, mortgage payment protection insurance (MPPI) will enable you to cover your monthly mortgage repayments for up to 12 months. Our mortgage payment protection insurance cover is available to existing mortgage customers and is offered in conjunction with Cardif Pinnacle.

Exclusions
There are some occasions when Mortgage Payment Protection Insurance cannot pay any benefits and a summary of these follows.

• any medical conditions you knew about at the start date;
  
• any medical condition for which you had sought or received advice, treatment or counselling in the 12 months before the start date, even if it is not diagnosed. This condition will be waived if you have been continuously insured, symptom free and have not sought treatment or advice for the condition in the 24 months immediately before your claim. However, the only exception is if you have made a doctors appointment, failed to attend and have not been formally discharged; and
  
• any condition of a mental, psychiatric or nervous origin, including stress, anxiety or depression, unless treated by a consultant psychiatrist.

Unemployment benefit will not be paid if:

• you knew at the start date that you would become unemployed;
  
• you are made unemployed or told that you will be made unemployed within 60 days of the start date of your policy for taking out a new mortgage or 120 days of the start date of your policy if you already have a mortgage;
  
• you were in employment for less than 6 months before being made unemployed;
  unemployment is voluntary or due to your misconduct; and
  
• you are not registered as unemployed and signing on with the Employment Service Job Centre.

  Please refer to the policy document for further details of exclusions.

Unlike buildings insurance, this type of cover is not mandatory, however we strongly recommend that you consider your options.

It is also worth pointing out that if you already have mortgage payment protection insurance cover and your mortgage payment increases, either due to extra borrowing or as a result of interest rate rises, you should also consider increasing your level of mortgage payment protection insurance cover to reflect this.

To download a summary of the policy please click here.

To download a full copy of the policy please click here.