Mortgage Payment Protection Insurance

Now that you have found your dream home, the next step is to make sure it is adequately protected. That's why we offer My Broker Mortgage Payment Protection Insurance, a policy designed to protect your mortgage repayments in the event you are unable to work due to accident, sickness or involuntary unemployment.

How it works:-

My Broker Mortgage Payment Protection Insurance allows you to select the cover you need, how much (depending on your mortgage repayment) and the length of time you need it for. Then if you are unable to work, typically for 30 consecutive days (for accident, Sickness or Involuntary Unemployment), your monthly mortgage repayment will be paid until you return to work (for the selected period of cover).

View the Steps to setting up Mortgage Payment Protection Insurance >>
Eligibility

To be eligible for cover you must be (at the start date):

• At least 18 and under 64 years of age;


• Actively working for at least 6 months


• A permanent resident of the Republic of Ireland


• Have a mortgage agreement in force on your main residence


• Not aware of any impending disability or involuntary unemployment.

Cost

The cost of cover is dependent on the benefits you have selected, the benefit period and the amount of cover you need. The cost can be as little as €2.76 for every €100 of cover!

Speak to your financial advisor in John Mullane Mortgage & Financial Services Ltd who can provide a quotation for you tailored to your needs.

Exclusions

Some exclusions will apply to My Broker Mortgage Payment Protection Insurance depending on the cover you have selected. Your financial advisor can provide you with a summary of cover which highlights the main exclusions on the policy. In addition, the terms & conditions are available upon request and provide details on all exclusions.