Mortgage Payment Protection Insurance (MPPI)
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Home » Mortgage Payment Protection Insurance (MPPI)
With mortgage protection insurance, you are covered in the event that an accident, illness or unemployment renders you unable to pay your mortgage.
Sometimes called “Accident, Sickness and Unemployment protection”, this type of insurance will pay out to cover your mortgage monthly payments for the length of your term. Failing to keep up with mortgage repayments can result in your home being repossessed, and so for many people, having mortgage protection insurance in place provides substantial peace of mind. If you are worried about being involved in an accident or losing your job, or if you are the sole earner in your household, you may benefit from having this type of insurance protection in place.
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