Q: I have obtained a quote for redundancy payment protection insurance to cover the cost of my monthly mortgage. However I would like to add an additional figure to cover any costs for amenities, say possibly 25%. Is this possible as I cannot see an option for this on your online service?
A: Thank you for your email.
The redundancy payment protection insurance policy allows you to cover your monthly mortgage payment, plus the premiums that you pay for buildings and content insurance, and any life insurance and endowments. You can then take 25 percent of that figure and add it on top.
When you apply it will breakdown the cover on the form.