QUESTION 2:
How much will my insurance pay me if I do have to make a claim?

ANSWER:
This should all be agreed when you take out the policy – the idea is to set things in stone at the start so there are no nasty surprises further down the line. All policies vary, but most effectively let you buy blocks of cover each worth £100 a month. So if your monthly mortgage payment is £700 you could decide to buy seven £100 blocks of cover so your total repayments will be covered for you after a claim. In most cases the monthly payments will be made for up to 12 months or two years, depending on your provider. The idea is to give you some financial breathing space while you try and find a new job or recover from an injury or illness.