While it’s not legally required, mortgage protection insurance ensures that your home is safeguarded in case of unexpected financial difficulties.
Mortgage protection is specifically designed to cover your mortgage balance, while life insurance provides a lump sum that can be used for any financial needs.
Your cover amount should be equal to or higher than your outstanding mortgage balance to ensure full protection.
Some policies offer redundancy cover, but it depends on the specific provider and policy terms. We help you find a plan that includes redundancy protection if needed.
Yes, you can switch to a different provider if a better deal is available. We regularly compare policies to ensure our clients get the most cost-effective cover.
The cost depends on factors such as your age, health, mortgage amount, and the level of cover you choose. We help you find the most affordable option.