UK Mortgage Protection Insurance

Mortgage Protection Insurance provides a monthly benefit designed to cover your mortgage payments in part or full (You choose the level of benefit you require). You can choose whether you want to be covered for accidents, sickness or unemployment or all if required. If you choose all of these risks your monthly payments will increase. If you need to claim there is usually a waiting period of around a month called an excess period, before you will receive any benefits

In the past this type of protection insurance was widely missold by banks and building societies when offering mortgages as an add on. People were often told it was a condition of the mortgage to purchase protection cover and were sold policies at inflated rates sometimes as much as ten times the rate you will find in today's regulated and competitive market. Following years of investigations by consumer action groups and finally the FSA, the protection product market of today is highly efficient and controlled, offering great value for money insurance for millions of UK homeowners if you purchase from an independent source.

Simon Burgess of British Insurance explains why people are paying too much for their mortgage ppi cover when they purchase it through a bank or building society

Insurance Broker directory offers the best regulated online UK mortgage protection insurance quotes for mortgage payment protection insurance should you have an accident or become unemployed or ill. Just choose from those listed below to get a great quote. All mortgage payment protection sites listed below are insurance broker operated and include online calculators which are quick and easy to use, allowing you compare premium rates from multiple mortgage protection insurance companies.
Most online PPI insurance companies offer direct debit facilities for monthly payments so you can purchase cover easily online.