newirishman
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We are in the process of switching mortgage hence also looking at mortgage protection insurance. Last time I was looking at it was in 2008.
What I saw from the quotes I got so far is that the mortgage protection insurance seems to be significantly cheaper - sure, the mortgage amount is lower but even if I quote for the original mortgage amount the quotes come back about 50% cheaper than back in the day.
Just as an example, my wife pays 43 euro per month at the moment (she was still smoking at the time, but quit since). The quotes I am getting now are sub-40 euros to cover both of us.
So: is there some money to be saved in general by also shopping around for mortgage protection insurance? Do I miss a point here?
In our case, we would save around 300 euro per year by switching on the existing mortgage.
What I saw from the quotes I got so far is that the mortgage protection insurance seems to be significantly cheaper - sure, the mortgage amount is lower but even if I quote for the original mortgage amount the quotes come back about 50% cheaper than back in the day.
Just as an example, my wife pays 43 euro per month at the moment (she was still smoking at the time, but quit since). The quotes I am getting now are sub-40 euros to cover both of us.
So: is there some money to be saved in general by also shopping around for mortgage protection insurance? Do I miss a point here?
In our case, we would save around 300 euro per year by switching on the existing mortgage.