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Mortgage Protection Insurance (MPI) - postal address used

  • 01-07-2012 9:09am
    #1
    WLSM
    Registered Users, Registered Users 2 Posts: 71 ✭✭


    When buying a new house, I need the MPI documents to be sent to my address and not the address of the house I'm buying.
    If my existing/old address is the address I use when applying, does the insurance company end up applying the MPI to my old house which I don't want? or is MPI assigned to the individual and not the house?
    Will it cause hassle at the bank if I go in with my old address on the MPI (I need to show proof of insurance before I draw down)?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,858 Mod ✭✭✭✭Henry Ford III


    WLSM wrote: »
    When buying a new house, I need the MPI documents to be sent to my address and not the address of the house I'm buying.
    If my existing/old address is the address I use when applying, does the insurance company end up applying the MPI to my old house which I don't want? or is MPI assigned to the individual and not the house?
    Will it cause hassle at the bank if I go in with my old address on the MPI (I need to show proof of insurance before I draw down)?

    The cover is on your life, not the property.

    Most insurers will ask current address, and new address if you are moving into a new property. You can also ask for all correspondence to issue to any address you choose.


  • #3
    WLSM
    Registered Users, Registered Users 2 Posts: 71 ✭✭WLSM


    Thanks


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