Mortgage Protection Insurance Guide

The most common way to protect a homeowner's mortgage against death is a Decreasing Assurance Policy (DTA).

With Decreasing Term Assurance, the insured sum decreases over the life of the policy. This is often used to safeguard payments on a capital and interest repayment mortgage, where the outstanding balance gets progressively lower over the borrowing period.

Another popular method of protection, one that is often used with interest-only mortgages, is called Mortgage Payment Protection. This will cover your monthly mortgage payments should you fall sick, become unemployed or have a debilitating accident.

Mortgage Payment Protection insurance policies usually pay out after a deferred period of 30 days after you stop working and then can pay out for 12 months if you are still unable to work.

55 per cent of all Mortgage Payment Protection Insurance claims are for unemployment, with 36 per cent for sickness and 10 per cent as a result of an accident.

You can also cover loan payments with Loan Protection Insurance and safeguard your earnings with Income Protection Insurance.

QCK.com has partnered with market leaders British Insurance to help you obtain hassle-free, comprehensive and competitive insurance to cover your income, mortgage and loan payments in the event that you are unable to work due to sickness, an accident, or if you become unemployed.

With many years experience in General Insurance, excellent customer service and efficient claims handling you know you're in safe hands, with a name you can trust.

British Insurance has just won the coveted Best Overall Insurance Provider 2009 in the Investment International 2009 Finance Awards.

Click here to request a no-obligation quote today and see for yourself!