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Mortgage Protection Insurance
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Almost everyone in New Zealand aspires to own their own home.
Once the home is purchased, what then? How does one protect this asset? Home and contents insurance ensures the physical protection of the actual house and the contents in it, but what if the mortgage on the home can’t be paid due to death or disability? That is the job of Mortgage Protection. |
Why Mortgage Protection Insurance?
The benefit of Mortgage Protection Insurance is that in the case of a disability when you can't work and earn an income, it pays the regular mortgage repayments that have to be met in order for you to keep that roof over your head.
As with all insurances, different providers have differing rules and benefits around their covers and it is in your best interest to talk to an independent Advisor to determine the most ideal and best value product for your needs, especially when it does not cost you to consult.
Also, remember that most of the time your mortgage lender will try very hard to sell you this insurance themselves with just one insurer’s product on offer - theirs. That's not much of a choice, is it?
So again, it is in your best interest that you organise it through a non-aligned professional Insurance Advisor, like us, to hunt out the best deal out of a range of insurance providers.
As with all insurances, different providers have differing rules and benefits around their covers and it is in your best interest to talk to an independent Advisor to determine the most ideal and best value product for your needs, especially when it does not cost you to consult.
Also, remember that most of the time your mortgage lender will try very hard to sell you this insurance themselves with just one insurer’s product on offer - theirs. That's not much of a choice, is it?
So again, it is in your best interest that you organise it through a non-aligned professional Insurance Advisor, like us, to hunt out the best deal out of a range of insurance providers.
