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Query regarding monthly mortgage amount that can be covered
stormCat99
Posts: 3,323 Forumite
Hi,
I'm about to take out a new policy for unemployment cover. Despite reading through all Ts and Cs on the company's site, I can't find the answer to this question.
When applying, you have to input your monthly mortgage payment. They will cover me for this amount plus a maximum of 33% more.
We currently overpay our mortgage, so our actual monthly payment is more than the minimum required by our bank. Are we allowed to put the actual payment (including overpayment), or do we have to just put the minimum monthly mortgage payment that we are required to make?
I can't believe it doesn't say anywhere on their policy but I've read all through, and nothing is mentioned. I don't want to put the higher amount only to find out in the event of a claim that I woudln't be covered.
I'm about to take out a new policy for unemployment cover. Despite reading through all Ts and Cs on the company's site, I can't find the answer to this question.
When applying, you have to input your monthly mortgage payment. They will cover me for this amount plus a maximum of 33% more.
We currently overpay our mortgage, so our actual monthly payment is more than the minimum required by our bank. Are we allowed to put the actual payment (including overpayment), or do we have to just put the minimum monthly mortgage payment that we are required to make?
I can't believe it doesn't say anywhere on their policy but I've read all through, and nothing is mentioned. I don't want to put the higher amount only to find out in the event of a claim that I woudln't be covered.
0
Comments
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Hi there
The cover provided is usually just for the minimum repayment amount, but it would be best to call the insurer concerned and check with them.In the beginning, the universe was created. This made a lot of people very angry and was widely regarded as a bad move.The late, great, Douglas Adams.0
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