Commitments Protection Ltd Products & Services for
use by Mortgage Promotions
Commitments Protection Ltd is one of the UK’s favoured providers of
Payment Protection and Home insurance to Mortgage Brokers, IFA’s and
the larger network organisations. We are pleased to have reached an agreement
with Mortgage Promotions enabling us to provide you with these products.
Monthly Premium Payment Protection Policy – 3months free
- First 3 months premium free
- Cover to protect monthly mortgage repayment, loan repayment or rent plus up to 100% of other regular commitments.
- Maximum benefit £2500 on Accident Sickness and Unemployment and Accident and Sickness only (£1500 for Unemployment)
- 12 month benefit period
- 30 waiting period, benefit payable back to Day One
- No initial unemployment exclusion if cover is in respect of new mortgage or re-mortgage (otherwise 90 days)
- 3 months free cover – This facilitates the sale of the product because there is nothing to pay for the first 3 months, which may be a period of heavy expenditure for someone buying a house
- Carer cover – Cover is provided should the insured have time to take off work as a registered carer to care for their spouse, children and parents.
- Hospitalisation benefit – A hospitalisation benefit is included – One month’s benefit paid after 7 consecutive days in hospital.
Monthly Premium Payment Protection Policy
- As above but without 3 months free premium
Single Premium Payment Protection Policy
- As above but cover available for mortgage or loan only
- One single premium payment
- Particularly suited to the re-mortgage market, difficult credit history and short term loan facilities.
- Choice of 2, 3, 4 or 5 year terms
Our Home Insurance policy can provide cover for the following sections
- Building and/or contents
- Valuables and Personal Effects anywhere in the world
- Food Spoilage in Deep Freeze
- Pedal Cycles
- Money and Credit Cards
- Legal Expenses
We offer cover for most non-standard risks including
- Non standard construction
- Listed Properties
- Previously Underpinned Properties
- Holiday Homes (including commercial lettings and not necessary for us to insure for primary residence)
- Directly let properties (not student or other multi-lets)
- Bed & Breakfast
Please note that all policies are underwritten at application
All these products are available online @: www.commitmentsprotection.net