Mortgage Payment Protection is a comprehensive insurance policy that covers reasons you may not be able to pay your mortgage during a specified period of time. These circumstances could include accident, disability, illness, or unemployment. Usually, claims are covered for a period of time up to 12 months.
Mortgage Payment Protections does not usually cover pre-existing medical conditions, pregnancy, substance abuse, or disorders without backing medical evidence.
Prevent undue stress during hard times, by ensuring you and your family are covered in case of unintentional and unexpected circumstances that could prevent your ability to pay your home mortgage. By spending just a little time to compare quotes, you can save a lot of money and trouble on premiums.