Mortgage payment protection is an insurance policy that is designed to cover your mortgage payments if you fall sick, or lose your job.
The cover is usually paid monthly and the cost will be linked to the amount of the mortgage or the amount of the monthly repayment.
The key to choosing the policy with Mortgage payment protection insurance is making sure that you can afford it. There is no point in taking a policy that covers everything if you cannot afford to keep paying the premiums.
The level of cover is important, but so is affordability. Imagine how you would feel if you took out a policy, cancelled it, then needed to claim.
Also make sure you are eligible and check the exclusions, for example if you are self employed, or if you know you are going to lose your job.
