When taking out Mortgage Payment Insurance, your insurer will likely exclude any pre-existing medical conditions you may have. This type of cover isn’t usually medically underwritten from the outset, so you won’t know what is and isn’t medically excluded until you try to claim.
While exclusions will differ depending on your insurer, there are some common exclusions that you will find written into the terms of most Mortgage Payment Protection plans:
Common Accident & Sickness Exclusions
- Your injury or illness is related to a pre-existing condition
- Your injury or illness was self-inflicted
- Your absence from work is related to normal pregnancy and childbirth.
Common Unemployment Exclusions
- You were notified and given fair warning about the risk of unemployment during the initial exclusion period
- You’re unemployment following a period of part-time, temporary, or intermittent employment
- You voluntarily became unemployed (with the exception of leaving work to become a carer)
- You were dismissed by your employer because of your own misconduct.