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..Mortgage Cover +

Protect your mortgage payments and safeguard your home.

MortgageCover+ is an affordable Mortgage Payment Protection Insurance policy which can provide real peace of mind should illness, an accident or involuntary unemployment befall you.

At a time of need it can be a real comfort to know your mortgage payments and your home are safeguarded and your finances protected.

. Benefits at a glance

Affordable
Cover from under £5 per month.
Designed for Credit Union members

Flexible
Flexible terms so you only pay for the cover you need
You can arrange cover for up to 150% of your mortgage payment to cover additional bills.

Simple
Not directly linked to your mortgage
Benefits paid direct to you so you're in control of your money at a time of need
Simple to arrange and obtain a quite online.

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. How much does Mortgage Cover + cost?

Protection is available from £4.95 per £100 of cover.

Your monthly premium will depend on:
The amount of monthly cover you need.
The policy options you choose (insurance covers, claim excess period and maximum claim duration).
For ease your monthly premium is paid by direct debit.

Click here for online quotation »

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. Your policy options

MortgageCover + is designed so that you can arrange and only pay the cover you need.

Choose Accident and Sickness, Involuntary

Unemployment cover or both.

Choose the amount of monthly cover you need - any amount between £100 and £2,500 as long as it's not more than 50% of your gross monthly earnings or 150% of your monthly mortgage payment amount.

The amount you pay is calculated per £100 of cover you require.

Choose single cover (in one name only) or split cover (in joint names)

Choose how long you will have to wait until a benefit is paid to you if an insured event occurs - 30, 60, or 90 days.

Choose the maximum number of months that you will receive benefits for any single claim - either 12 or 24 months.

If you need to make a claim for an insured event, we will pay you 1/30th of your monthly benefit each day that you are unable to work after the claim excess period that you have chosen. We will pay this until you return to work subject to a maximum of 12 of 24 months.


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. Links on this page:
   
Benefits
How much does it cost?
Your policy options
   

 

 
 
London Mutual Credit Union is authorised and regulated by the Financial Services Authority (FSA)
Providing ethical financial services for over 28 years
 
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