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Self employed mortgage insurance ?

ryan87
ryan87 Posts: 18 Forumite
Eighth Anniversary 10 Posts Combo Breaker
in House buying, renting & selling
Hi guys im self employed i have an emergency fund in case work is slow or anything happens

but i was wondering if there is an insurance or something that would cover me in case anything happens to me or work drys up to cover the mortgage for a year or so ?

Any help be great thanks

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Yes it is possible to get MPPI if you are self-employed. There is an article here http://www.moneysavingexpert.com/mortgages/payment-protection-insurance

    You'd need to ensure the policy you had covered your for being self-employed, extract from that article:
    Many MPPI policies cover you if you are you are self-employed. However, a claim can only be made if you go out of business through no fault of your own, for example involuntary liquidation. If you are a contracted worker, you may have to have been employed for a certain amount of time or work a certain number of hours a week, to get cover.
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