Mortgage Protection Reclaim Service

Mortgage Income Protection Insurance or PPI

Mortgage Income Protection Insurance or PPI as it is better known, is an insurance policy that protects and supports a person in case of accidents, sickness and other traumas. Such insurancs can be useful when a person is out of work for reasons beyond their control. Mortgage protection PPI insurance is popular in United Kingdom.

 

Mortgage protection on insurance terms and conditions

Mortgage protection PPI insurance comes with a lot of terms and conditions which are to be closely examined while taking such a policy.

• Injuries/accidents covered under the policy should be looked into carefully
• The time frame during which the policy covers the customer is also an important factor.
• Premium, amount paid on claim are also to be discussed with your insurance advisor.

Mortgage Protection Insurance - cover against incapability of a person to work

In general, Mortgage Income Protection Insurance is quite expensive because of the nature of risk it covers.

Mortgage protection insurance policies may become invalid in cases where a customer changes the occupation or changes the sector of his job, which is major drawback of PPI mortgage protection insurance.

Exclusions in Mortgage Income Protection Insurance PPI

There are several types of exclusions in Income Protection Insurance in most companies which include:-

• Some Accidents
• Sickness due to pregnancy
• Criminal acts
• Alcohol related cases

It should also be noted that PPI does not provide death benefits or health insurance. Also such insurances do not give any tax relief to the policy-holder; however the payments received on claim on PPI claims are tax-free. Premiums paid are hugely dependent on occupation and medical conditions of the customer making PPI even more expensive.

Consider all the pros and cons before taking a Income Protection Insurance.

If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.

• 'No Win - No Fee' Service and No Upfront Fees
• Expert friendly advice
• We will handle your case from start to finish.

Click here to complete your PPI Claim Form