CassieNet News :: Mortgage Know-How :: RE: Mortgage Payment Protection

Mortgage Know-How :: RE: Mortgage Payment Protection

Author: Anonymous
Subject: Mortgage Payment Protection
Posted: Sat Oct 01, 2005 8:23 pm (GMT 0)
Topic Replies: 1

Hi Jeniffer,

I shall be glad if I can come at your help regarding your query.

Mortgage Payment Protection is designed to cover your mortgage repayments and related costs in case of any illness or injury resulting in loss of earnings. This facility is available from the begining of the plan at an additional cost, if an agreement is made at the initial stage.

You can get a cover for a maximum deferred period of 1, 3, 6, 13 or 26 months as per the agreement made at the begining. Its value should not be more than 150% of the total mortgage payment or 50% of your gross monthly earnings.

This option is not available if Premium Protection is selected whose features are almost same as Mortgage Payment Protection.

Both Mortgage Payment Protection and Premium Protection are important to people who want to safeguard their financial security.

Hope I could provide you with a satisfactory answer.

Regards,
Blue

For the full story see:
http://www.mortgagefit.com/discuss/payment-protectionoption.html
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