Why use Gocompare.com for your money products?
By their very nature financial products are complex and the prospect of reviewing your money matters can be quite daunting. But our research shows comparison sites are helping people become more money conscious and feel more empowered when making financial decisionsJohn Miles, Gocompare.com
Why choose Gocompare.com's mortgage protection insurance comparison service?
With the help of PMI Partners you can compare mortgage payment protection insurance (MPPI) policies in one easy search.
If you feel you need more information before making a decision, try our mortgage protection insurance guides
Our simple-to-use forms will ask for your basic personal, contact and employment details, whether your job is permanent, and your monthly income. You'll also be asked if you're a smoker, and whether in the last 12 months you've been seen by a doctor, been treated by one, or arranged to see one.
The final section concerns the policy itself and will ask if you require cover for accident, sickness and unemployment, just accident and sickness, or just unemployment. You'll be asked how much your monthly mortgage payments are, if you want to cover 100% of the payments or 125% (mortgage and bills allowance), the name of the mortgage provider, and whether it's an existing mortgage, a remortgage, or one for a newly purchased property.
Our best-buy table will then present the cover options with the name of the insurer, the monthly benefit available, the length of time you'd have to wait after you stop working to the first payment (between one and 90 days), the maximum benefit period (between six and 24 months) and the monthly premium. You can view the key features of each product and, if you see a policy you like, there's the option to either request a call back or to go ahead and purchase online.
If you feel you need more information before making a decision, try our mortgage payment protection insurance guides, where you'll also find the answers to frequently asked questions. There you'll get more guidance on how to decide if you need MPPI and how it differs from payment protection and income protection. Read more about the cover options, choices if you're self-employed or in non-standard employment, excesses, typical exclusions and other things to look out for.
Did you know…?
- The cost of a typical house has been estimated at £429,000 over a 50-year period, including buying, upkeep and other assorted spending requirements
- Homeowners could save as much as £194,000 over renters in the course of a 50-year period