Mortgage Protection Insurance and Covid

22 October 2020
share post tweet

Applying for mortgage protection insurance during the pandemic


Covid -19 related questions

 -Have you tested positive for Coronavirus/Covid-19?

 -Within the last 30 days have you:

(a) Had a new continuous cough and/or a fever/raised temperature?

(b) Been advised by a medical practitioner to self-isolate due to Covid-19 

(c) Been in contact with an individual suspected or confirmed to have Covid-19

If you have tested Positive

 If someone has tested positive for covid -19 and have not yet recovered, Insurance Companies are likely to postpone offering terms.

If you had the virus and subsequently tested negative

 If you had the virus and since tested negative and there are no residual symptoms they would not postpone cover,

If you had the virus and have been hospitalised

 If somebody had Covid-19 and were hospitalised with the virus but since have tested negative, they would be postponed cover for a year.

Underlying medical conditions which may impact decision to offer cover

Respiratory Conditions

High BMI

Any rateable cancers

Type 1 Diabetes and Type 2 is that not well controlled

Immunodeficiency Disorders including Crohns Disease, Rheumatoid Arthritis, Lupus. Conditions where the client is on an immunosuppressant drug.

Possible loading with underlying conditions

Their current highest loading for customers with underlying conditions which may be more at risk due to Covd-19 is +150% of the standard non discounted premium


Existing and New Mortgage protection and Life Insurance policies.

In the event of death due to Corona Virus your Mortgage protection or Life Insurance policy would pay out. However, it would not pay out where a policy holder had knowledge that they had the virus or an underlying condition but failed to disclose this fact in their application.