Is Mortgage Insurance PPI?

johnsg

I've had two repayment mortgages since about 1997.
On both, I have repayment insurance that charges me a premium each month. In short, I think these would clear the balance of the mortgage if I died.

This doesn't sound quite like PPI, but I'm wondering if it is - and worth claiming?

Can anyone advise?

Thanks.

dunstonh

This doesn't sound quite like PPI

That is because it isnt.

and worth claiming?

if you die, then yes.

[Deleted User]

johnsg wrote: »

I I think these would clear the balance of the mortgage if I died.

PPI is a short term policy covering unemployment and sickness.

Life Assurance covers mortality.

You have Life Assurance.

You don't have PPI and you don't have any complaint.