Your mortgage is your biggest monthly outgoing and this is what would be hit the hardest if you were to find yourself out of work. Mortgage cover or mortgage payment protection insurance (MPPI) as the cover is sold under would provide you with an income each month which would be tax free if you should find yourself out of work due to having an accident, suffering a sickness or through redundancy.

Mortgage cover would start to pay out after you had been out of work for a pre-defined period which is usually around 30 days and would continue to give you peace of mind for up to 12 months and with some providers 24 months. However it isn't always the easiest insurance product to understand. As with all insurance products a policy has small print and exclusions within it and these are what could stop you from making a claim. Common exclusions in many policies of this nature include suffering from a pre-existing medical condition, being retired, self-employed or some of the reasons which are common to keeping people out of work such as stress related illness and back problems.

You should always go to a specialist standalone provider when it comes to taking out a policy, not only will they be able to offer you cheap mortgage cover but also essential advice regarding the small print and key facts of cheap mortgage cover. Mortgage cover could mean the difference between you losing the roof over your head and keeping it as the state gives very little support during this time even if you qualify for it, but it has to be bought wisely, and the best way is independently with a specialist in payment protection.

A standalone provider will be able to get you the best deal possible while securing you cheap mortgage cover which will give you peace of mind as long as you have done your homework and know that a policy is suitable for your circumstances.