Ulster Bank Mortgage Insurance

Ulster Bank Mortgage Insurance. Fact! If you don't compare mortgage insurance protection quotes you will not get the best deal. Compare and save £1000's.

Ulster Bank Mortgage Insurance is otherwise known as mortgage protection insurance. The insurance offers financial support to the family by covering the outstanding mortgage if the policyholder is no longer around to meet the monthly payments.

We can beat the quotes from your building society or IFA. Complete the short form on the right and we will help you save money and time. Let us do the hard work so you don’t have to.

The coverage is extended during loss of regular income due to certain unforeseen circumstances and includes accident or illness of policy holder and involuntary loss of employment. In order to offer financial support, Ulster bank mortgage insurance pays a specific sum of amount every month for maximum of 12 months. The loss of income compensated by Ulster bank mortgage insurance can also be used to pay outstanding dues of property under mortgage.

About Ulster Bank Mortgage Insurance

Ulster Bank is an Ireland based financial institution offering banking and insurance services in the United Kingdom. It is one of the group companies and the subsidiary company of the world renowned Royal bank of Scotland and during the year 2000, it was taken by RBS. With more than 6000 employees and 2 million potential customers Ulster bank functions in around 200 outlets.

Types of Policies:

Ulster bank mortgage insurance policy can be classified into two types based on the coverage.

Unemployment cover: When there is a loss of regular income due to loss of employment of the policy holder, subjected to the condition that unemployment is not caused due to resignation or should not be a voluntary act. The monetary compensation is offered for 12 months and maximum monthly cover paid to the policy holder is £2,000. Further, if the insurer engaged in other employment in less than one month of losing previous employment, Ulster bank mortgage insurance pays the compensation proportionately based on number of days.

Accident cover: When the policy holder met with any accident, it is supposed to be a loss of income for a specific period and the mortgage protection pays the maximum of £2,000 until the recovery of insurer for maximum of 12 months. In case of death of insurer due to accident, the family is supported with payment of £2,0000.

Sickness Cover: It is very obvious to develop any severe illness or disease. Sickness cover does not include the conditions raised due to drug abuse, cosmetic surgery or procedure, pregnancy, self developed injury, etc.

Rival Companies:

Ulster Bank Mortgage insurance has few competitors in the insurance market. Some of the rival companies of Ulster bank include woolwich mortgage, swinton mortgage, etc.

Review for Ulster bank mortgage insurance:

Reviewcentre.com has no user reviews posted for Ulster bank mortgage insurance. Yet, the product is highly beneficial for the people who are under the risk of developing any illness or loss of employment.