Payment protection ?????????

redstev

Hi

There is a chance the company that i work for may go into liquidation resulting in me losing my job.
Does anyone know what mortage payment protection would cost. My mortgage is £160 per month which I know is not alot but would still struggle to pay this on Jobseekers allowance as i,m a single parent with 2 kids.

Also do you have to have the protection for a number months before you are able to claim ?

Any advise would be appreciated.....

McKneff

It may be too late to take out this insurance if you are aware of your company beng in trouble.

Questions are asked about exactly this situation on application forms which means you may have to lie.................

Wait for more advice, I;m no expert

TEDDYRUKSPIN

McKneff wrote: »

It may be too late to take out this insurance if you are aware of your company beng in trouble.

Questions are asked about exactly this situation on application forms which means you may have to lie.................

Wait for more advice, I;m no expert

Won't pay out. Lie? Still won't pay out.

jazzyman01

The most reputable companies will do checks and if there is a whiff of knowledge that the Company is in trouble you are not likely to get cover.

If you lie to get cover they just wont pay and you will have made premiums for nothing.

Please also note that even if they do cover you, premiums may be very, very high.

patman99

The best time to take-out cover is when you know there is no risk of redundancy. As these policies cover a set amount rather than just the mortgage, work-out how much not only your mortgage payments are each month, but also any C/C and loan payments as well. Add on 25%, then get a quote to cover that.

I have £350 p/m cover for a cost of £15.79, and was jolly glad I had taken it out.

atlantis187

patman99 wrote: »

The best time to take-out cover is when you know there is no risk of redundancy. As these policies cover a set amount rather than just the mortgage, work-out how much not only your mortgage payments are each month, but also any C/C and loan payments as well. Add on 25%, then get a quote to cover that.

I have £350 p/m cover for a cost of £15.79, and was jolly glad I had taken it out.

Who have u got urs with mate? which company do u reccomend?