About HomeOwner Income
Protection

Please note that the overview of the HomeOwner Income Protection product range provided on this page and across the website is of the most recent HomeOwner policy wording (MH06) which was introduced on 1st December 2019. If you bought your policy before 1st December 2019 then you should contact either the adviser who sold you your policy or MMS if you require further information.

HomeOwner Income Protection is a Short Term Income Protection insurance policy that protects your ability to pay your monthly bills in the event of Accident, Sickness or Involuntary Unemployment (ASU). HomeOwner Income Protection enables you to protect up to 60% of your gross income or £1,500 provided that you are responsible for a mortgage or named as owner of your primary residence.

HomeOwner Income Protection has been developed to be customer focused, easy to understand and fully flexible and portable. Just like your car or household insurance, you own your policy and can make changes to it at any time depending on your changing needs. We do, however, still recommend that you take professional advice to make sure that HomeOwner Income Protection is the right policy for you.

Cover features and benefits

• Choice of Accident and Sickness cover and Unemployment cover
• A monthly benefit of up to £1,500 per month or 60% of your gross income
• 12 months benefit period
• 3 excess options of day 1 cover, 30 day excess and 60 day excess
• No job or industry sector exclusions
• Benefit payments are payable directly to you

There are other providers of Short Term Income Protection and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

What is not covered / excluded

Like all insurance policies there are limitations and exclusions that may apply and prevent you from making a claim. Details of these exclusions can be found in the Policy Wording, or a summary can be found in the IPID. Some examples of these exclusions include:

• Claims relating to self-inflicted injuries, alcohol or drug abuse
• Mental and nervous disorders, such as stress, unless diagnosed by and under the continuing supervision of a Consultant Psychiatrist
• Pre-existing medical conditions. Any condition, injury, illness, disease, sickness or related condition and/or associated symptoms, whether specifically diagnosed or not, for which medical evidence shows you knew about or were experiencing symptoms that you would have been aware of in the 12 months prior to the start date of the insurance or cover increase date (whichever is the later), then that particular condition, or any claim attributable to it is excluded until you have been clear of it for a continuous 24 months period following the start date or cover increase date. Please read the Policy Wording for further details
• Back related conditions, unless there is radiological evidence of a medical abnormality or a Consultant certifies that the condition solely prevents you from working
• Claims arising due to elective or cosmetic surgery and / or treatments
• Any unemployment that you knew about at the start date of cover or within the initial exclusion period of 150 days. The initial exclusion period will be reduced to 90 days if the you have completed a new mortgage or re-mortgage within the 6 months immediately prior to the start date of cover.
• If you are dismissed due to misconduct, which may include fraud or anything that led to or might have led to a disciplinary procedure being taken by your employer
• If your unemployment is temporary or voluntary, for example, if you resign or accept voluntary redundancy
• If you do not register with the Jobcentre and are not continually available and actively looking for work