Disability, Hospitalisation and Unemployment Cover
What is the cover? Should you be unable to work due to accident, sickness, involuntary unemployment, a period of hospitalisation or if you give up work to become a carer your mortgage payment will be covered for up to 12 months for any one claim
You can choose to apply for disability, and hospitalisation cover or unemployment only cover or the complete disability, hospitalisation and unemployment cover package to suit your needs and give you protection for your home and peace of mind.
The total package costs £5.20 per month for every £100 of monthly benefit
No payment will be made for the first 60 days of any period you are unable to work. However, if you are off work for more than 60 days you will be entitled to one complete month’s benefit and 1/30th of your monthly benefit for each consecutive day you are unable to work.
Hospitalisation benefit is payable after 3 consecutive days in hospital.
Is everything covered?
Like all policies of this type there are some things that MPPI does not cover. Importantly, these include:
- any medical condition which you knew about, or suffered from, in the 12 months before your cover starts unless you go for 24 months without symptoms and without seeing your doctor about it.
- mental/nervous and back disorders without certain medical evidence.
- self-inflicted injury, normal pregnancy, alcohol or drug abuse.
- any unemployment which is notified to you during the 60 day period immediately following the start of the cover. This period increases to 90 days if you take out this insurance more than 30 days after the completion of your mortgage.
- any unemployment which you knew about at the start of cover.
Please refer to the terms and conditions of the policy for full details of the exclusions.
Telephone calls may be monitored and recorded to help staff training, customer service and for the purposes of security and fraud prevention.