Before you take a protective cover, you have to make certain for how long will the insurance cover you and what's the amount it will pay? If you're conscious of those things you'll be in a better position to secure yourself.
Mortgage payment protection insurance as its name implies will safeguard your mortgage obligations. The monthly payments that you make monthly to the lending institution will continue to get paid in case you've got the protective policy.
You are not in jeopardy if you are well protected under this protection cover!
Protective cover against any risks involved in the confiscation of your collateral. You know that your collateral will be at risk if you don't take proper protective measures against it.
In order to be on time with the payments irrespective of your sickness, disability to work, accident, or lay off you must get this policy. This will help you have better and secure life as you know that there is a policy to cover you in case things went wrong.
You will be paid a mortgage payment of up to 12 months duration. It will start covering you for one month of your inability to go to work. It is assumed that 12 months duration is enough for recovery or to find a job.