Decreasing term
The payout shrinks as the mortgage does, so it costs less.
Suits: A repayment mortgage
Cover for the roof over their heads
Mortgage protection
Cover that pays off the mortgage if you die, so the people you live with get to keep the home.
A few minutes online. No sales calls, and no fee from us.
Choose the right cover for your mortgage.
The right one depends on the kind of mortgage you have, and who you share it with.
Who can apply? Most insurers cover people from 18, if you live in the UK. You can match the term to your mortgage, and you don’t have to buy it from your lender. Not sure? Ask us.
Joint life
One policy for two people, paying out once.
Suits: Couples with a joint mortgage
Critical illness cover
Clears or cuts the mortgage if you’re seriously ill.
Suits: Adding to your life cover
Income protection
A monthly income to keep up the repayments if you can’t work.
Suits: Anyone who relies on their pay
Why get it through Croaked?
We compare, you choose. Quotes from a panel of UK insurers, side by side, not just your lender’s.
Matched to your mortgage. The amount, the term and the type, set to fit the loan you actually have.
No fee from us. The insurer pays us if you take a policy. It doesn’t add to your premium.
No sales calls, ever. Do it all online. Call us only if you want to.
Cover from names you know.
Compare a panel of recognised UK insurers through one clear, straightforward application.
What’s covered, and what isn’t.
The short version. Your policy documents have every detail, and we’ll go through them with you.
Usually covered
- Death from illness or an accident during the term
- A terminal illness, if you’re expected to live less than 12 months
- A serious illness, if you add critical illness cover
Usually not covered
- Death after the policy ends
- Suicide in the first 12 months
- Losing your job or being made redundant
- Anything you didn’t tell the insurer when you applied
A decreasing policy follows a typical repayment schedule, so it may not clear the whole loan if your interest rate rises a lot. What’s covered depends on the policy and the insurer.
How it works.
Three steps, online, with a person on the phone if you want one.
- Step 1
Tell us about the mortgage.
How much you owe, how long is left, and who you share it with.
Step 2Compare your quotes.
See the prices and the differences side by side, and choose the one that fits.
Step 3Apply, and you’re covered.
The insurer checks your answers, sometimes with your doctor. Cover starts the day they accept you.
Mortgage protection questions.
Short answers to what people ask most, before they buy.
Do I have to have it?
It isn’t a legal requirement, but some lenders ask for it. You don’t have to buy it from your lender: you can compare.
Decreasing or level cover?
Decreasing cover usually suits a repayment mortgage, because the debt falls over time. Level cover suits an interest-only mortgage, where the debt stays the same.
What if I remortgage or move?
Your policy isn’t tied to the mortgage, so it carries on. If you borrow more or the term changes, you may need more cover.
Who gets the money?
Whoever the policy pays out to, usually your estate or your trustees. It can then go on the mortgage. Putting it in trust can make that quicker.
Is it the same as mortgage payment protection?
No. Mortgage payment protection insurance covers your monthly repayments for a limited time if you can’t work. Life cover clears the loan if you die. Income protection is another way to keep up the payments.
Can I include my partner?
Yes, with a joint policy, or with a policy each. Two policies cost more but can pay out twice.
Already have a policy?
Claims and changes are handled by your insurer: their number is on your policy documents. If you arranged it through us, call us on 01302 590 852 and we’ll help you find the policy and the right people.
For a claim, it helps to have:
- The policy number
- A death certificate, or the doctor’s report for an illness
- The mortgage lender’s details
- The details of the executor or the trustees
Claim through the insurer
Their claims number and online form are in the policy documents. Most claims start with one call, and they’ll guide you from there.
Ask us to help
Can’t find the policy, or the insurer? Call us on 01302 590 852 and we’ll find it with you.
Useful information
Changing your mind
You have 30 days after your policy starts to cancel for a full refund of anything you’ve paid.
If an insurer fails
Protection policies are covered by the Financial Services Compensation Scheme (FSCS), which covers 100% of a claim if an insurer can’t pay. See fscs.org.uk.
If you’re struggling with payments
Talk to your lender early. Free help is available from MoneyHelper.
Still need support?
Ask a real person anything about protecting your mortgage. Nobody will try to sell you anything, and there’s no fee from us.
Monday–Thursday 9am–7pm, Friday 9am–3pm
