Mortgage Payment Protection
Mortgage Payment Protection Insurance, commonly known as MPPI is an insurance policy,
which you can take out to protect your mortgage payments if you lose your job, fall
ill or have an accident, which prevents you from working. Most MPPI policies are
sold by mortgage lenders at the time they provide a mortgage.
Most Mortgage Payment Protection Insurance policies will start to pay one month after you are out of work and typically
policies pay out for 12 months or 24 months. However there are a number of instances
where MPPI will not pay out, for example:
- if you are off work because of medical condition when you took the insurance;
- for pregnancy unless there are medical complications;
- for stress or back related injuries; or
- if you resign, take voluntary redundancy or are dismissed for misconduct. Most commonly,
MPPI doesn't pay out if you are made unemployed within the first 60 days of the
policy being taken out.
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or call 0800 019 3626 |
Unfortunately many MPPI policies tend to be miss-sold to people who either don’t
need them or don’t fully understand them. There are thousands of cases every year
in which people try and claim on their mortgage protection policies for some of
the reasons mentioned above, only to find that an exclusion clause, that they were
not aware of, prevents their claim from being successful.
Our trained Claims Executives can assess your professional negligence claim within minutes and put you
in touch with one of our specialist solicitors who will guide you throughout the
duration of your claim.
Call our free phone helpline on 0800 019 3626 to speak to a member of our
team. Or simply submit your details on our brief online claim form and we will contact
you very shortly.