Mortgage Payment Protection Insurance

Penn Financial has shared the news about a new mortgage payment protection insurance on the market that covers for unemployment.

In the past, it was well known that you could take out a mortgage for example and then take out another policy to cover you in case you lost your job. Those policies were commonly referred to as ASU or accident, sickness and unemployment policies.

However, in more recent years, those polices did not cover you for unemployment and in the main only covered you for accident and sickness only.

A new product has come on the market that now again covers for unemployment.

Read the full article HERE.

The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.