Mortgage Payment Protection Insurance
Mortgage Payment Protection Insurance (MPPI) is also commonly known as Accident, Sickness & Unemployment (ASU) cover.
With this recessions impact having been particularly hard and even as the economy starts to recover, there is no doubt that we should all examine our need for Mortgage Payment Protection Insurance.
Mortgage Payment Protection Insurance is designed to cover your mortgage repayments:
- If you fall ill
- Be injured in an accident
- Become involuntarily unemployed
Policy terms, conditions and exclusions can vary, so we recommend that you take professional advice and always read the small print.
MPPI covers a combination of insurances in accident, sickness and / or unemployment. If you already have adequate accident and sickness cover at work or via a separate policy you may simply want the unemployment element for your mortgage.
We also have similar cover for those who rent.
Central Financial Services can advise you on the best cover for your circumstances, taking an holistic and practical approach to your needs and budget.