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Can I buy Mortgage Protection abroad for Irish property

  • 30-01-2013 9:07pm
    #1
    bt952000
    Registered Users, Registered Users 2 Posts: 36 ✭


    Hi

    With the EC , common market and all that, can I buy MPP anywhere in Europe?

    Searching European and UK websites for same policy details, they are much cheaper.

    Any legal reason why this is unacceptable to the Irish bank holding the mortgage ?

    Thanks


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,702 ✭✭✭✭coylemj


    MPP is essentially life assurance and I think the company has to be approved to do life business in this country so you probably can't go shopping around.

    Same applies to motor insurance, you have to take out the policy with a company approved (by the Irish regulator) to do motor business here so you can't produce a cert from a Latvian company when stopped by the Gardai.


  • #3
    bt952000
    Registered Users, Registered Users 2 Posts: 36 ✭bt952000


    Thanks for the reply.

    Sounds like I'm stuck with the high prices !

    Cheers


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