Hi, I have had MPPI for many years through Paymentshield, who I understand is underwritten by Norwich Union. With the large interesticon rate cuts recently, my mortgageicon payments have dramatically decreased. I see from the policy booklet that what Paymentshield will do in the event of a claim, is recalculate and pay the monthly benefit on the new (lower) payment, and refund the premium difference from when the mortgageicon payment came down.

Now, my question is what would happen if the mortgage rate should increase a few months into a claim? Will they cover the new payments up to the old level, or just wash their hands of them? The rates have come down very quickly but they can go back up just as dramatically.

Thanks