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Article DetailsNot all mortgage insurance is equal |
| Date Added: August 18, 2008 10:26:04 PM |
| Author: |
| Category: Insurance: Mortgage insurance |
Not all mortgage payment protection insurance policies are equal and the following tips should be taken into account:
· This type of insurance is not compulsory and normally lasts 12 months only.
· Check out the internet insurance suppliers.
· Check out the deferment period or excess period before you can obtain any cash.
· Check that the policy takes you back to the point of the claim.
· Check any exclusion clauses.
· Check the claims process.
· Check all pre-existing medical conditions.
· Check about your employment status.
· Check that it is easy to cancel without excessive penalties.
· Check that you are not tied in for the entire mortgage term.
· Check that it may be suitable for your life style.
Article reference 177.
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