Bad Publicity Is Leaving Many Homeowners Wary Of Taking Mortgage Protection
With the bad publicity which has recently surrounded payment protection insurance products, many homeowners are wary of taking out mortgage protection which is leaving them wide open to losing the roof over their head if they were to suddenly find they lost their income.
Mortgage protection can give you an income with which to continue meeting your monthly mortgage repayments if you should come out of work due to suffering from an accident, illness or if you should become unemployed. While there are problems within the sector and there is much confusion as the products are not differentiated between mortgage protection can be a very worthwhile product. You do however have to ensure that it is suitable for your circumstances before you take out the cover and this is because there are exclusions which mean it is not suitable for all individuals.
While exclusions can vary depending on the provider there are some that are common to all policies. Being self-employed, retired, only in part time work or suffering an ongoing illness would mean it would not be suitable for your...
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