Mortgage Protection Insurance Exeter
We provide help and advice on mortgage protection insurance in Exeter, so if you want to protect your home, get in touch with us today. Your mortgage is likely the biggest financial commitment you will make, and you will want to make sure you are protected against any of the events that life can throw at you. Unemployment or a long-term illness can seriously impair your ability to pay your bills, and we have broken down all of the help available.
If you want to protect your home, get in touch with us today.
Life Insurance
A life insurance policy typically means a lump sum will be paid out if the insured person passes away. The lump sum can be set to pay off the entire mortgage balance so there is no risk of losing the family home.
Critical Illness Cover
Critical illness cover is often combined with life insurance to pay out a lump sum in the event that an insured person contracts a serious illness. For example, this could be cancer, a stroke or heart attack – specific definitions apply. In addition, it may also pay out in the event of total and permanent disability.
Payment Protection Insurance
Payment protection insurance will pay out a regular monthly sum in the event that sickness or an accident prevents you from working. It is different from critical illness cover as it does not focus only on serious illnesses. Therefore, it will pay out for almost any illness or disability that prevents you from working.
Unemployment Cover
Unemployment cover will insure you against involuntary redundancy if this occurs. The cover will pay out a regular monthly income to cover the cost of your bills. Usually, it will continue to pay out for a maximum of 12 or 24 months, or until you have found another job.
Buildings Insurance
Buildings insurance is obligatory and you will need to have it before the funds are released. If your property suffers any structural damage, this cover can be used for renovation work. You can also include accidental damage.
Contents Insurance
You are likely to have many treasured possessions in your home, and contents insurance will protect these items and provide cash or replacements in the event of burglary, flood or fire.