Mortgage Payment Protection Insurance

Mortgage payment protection insurance can be taken out to cover the shortfall of your mortgage payments should you become unemployed or unable to work due to a disability. Below are some of the reasons why this insurance is considered by more and more people. For more in depth information please go to our sister site at www.best-mortgage-protection-insurance.com.

Who needs unemployment and/or disability protection insurance?

When you look at some of the daunting facts below you can see why some people consider taking out additional insurance in way of mortgage payment protection insurance.

• The number of properties taken into possession by mortgage lenders in 2006, according to figures released by the Council of Mortgage Lenders were 17000.
• The number of unemployed people in the UK according to National Statistics in March 2007 is 1.68 million.
• The unemployment level stood at 1,677,000 in the three months to June 2006 according to latest figures released by National Statistics.

You choose the term of years the policy will be in place and the level of mortgage income protection insurance cover you require at the outset of the policy.