Three simple ways to protect your mortgage payments
When you arrange a mortgage to buy your home, you naturally expect that you'll have a regular income throughout the period of the loan, so you'll be able to make all the repayments. But what happens if you're made redundant or have an accident or illness which prevents you from working? Who will pay the mortgage?
We offer three plans which are designed to cover your mortgage for up to 12 months. Any mortgage related premiums, such as endowment and household insurance can also be covered. For more information read the policy summary 
.
Accident, Sickness and Unemployment Protection
This will cover your mortgage payments in the event of an accident, sickness or unemployment.
The monthly cost for every £100 of monthly benefit is £6.31 with a 30 day excess period and £5.86 with a 60 day excess period. This is inclusive of Insurance Premium Tax at the prevailing rate.
Accident and Sickness only Protection
This will cover your mortgage payments in the event of an accident or sickness.
The monthly cost for every £100 of monthly benefit is £4.09 with a 30 day excess period and £3.79 with a 60 day excess period. This is inclusive of Insurance Premium Tax at the prevailing rate.
Unemployment Protection
This option will cover your mortgage payments in the event of unemployment only.
The monthly cost for every £100 of monthly benefit is £4.52 with a 30 day excess period and £4.19 with a 60 day excess period. This is inclusive of Insurance Premium Tax at the prevailing rate.
On all of the above options you will receive the following benefits:
- Payment of your mortgage in full for up to 12 months
- A Back to Work advice service for all in the household, whether you are claiming or not
- The option to choose protection for joint mortgage account holders.
For full details of the cover, conditions and exclusions that apply please
read the policy document .
The monthly premiums for our policies1 are much lower than many people expect. When you consider the level of financial security they provide, we think you'll agree that they represent excellent value for money.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk
Skipton Building Society's claims ratio is 30-40%. Claims ratio means the ratio of incurred claims to earned premiums during the business year2.
1Skipton Building Society MPPI is underwritten by Jubilee Insurance, Lloyd's Syndicate 5820 which is managed by Jubilee Managing Agency Limited (Registered No. 4434499). Jubilee Managing Agency Limited is authorised and regulated by the Financial Services Authority under reference number 226696.
21st March 2010 to 28th February 2011.
These benefits relate to new policies only, existing policy holders should check their policy documents or contact our helpline on 0845 850 1711*