Two simple ways to protect your mortgage payments
When you arrange a mortgage to buy your home, you naturally expect that you'll have a regular income throughout the period of the loan, so you'll be able to make all the repayments. But what happens if you're made redundant or have an accident or illness which prevents you from working? Who will pay the mortgage?
We offer two plans which are designed to cover your mortgage for up to 12 months. Any mortgage related premiums, such as endowment and household insurance can also be covered.
Accident, Sickness and Unemployment Protection
This will cover your mortgage payments in the event of an accident, sickness or unemployment.
Unemployment Protection
This option will cover your mortgage payments in the event of unemployment only.
On both of the above options you will receive the following benefits:
- Payment of your mortgage in full for up to 12 months.
- Payment of mortgage related premiums, such as endowments and household insurances for the same period.
- Immediate cover from day 1 of your mortgage.
- 56 days excess for any claim, up to 12 months benefit.
- You can choose joint cover and split the benefits as you wish (e.g. 50/50 or 60/40), or take full benefit and pay the appropriate premium.
- A Back to Work advice service to help you get back to work.
The monthly premiums for our policies1 are much lower than many people expect. And when you consider the level of financial security they provide, we think you'll agree that they represent excellent value for money.
1 Underwritten by London and Edinburgh Insurance Company Limited trading as Norwich Union, a member of the AVIVA Group.