Insurance For Mortgage Protection
Now you have found the ideal mortgage, you may need to tailor an insurance to cover your mortgage. Your Mortgage Shop offers independent advice on the following types of insurance for mortgage protection.
Content and Building Insurance
When it comes to choosing insurance for your home there are several things to consider, but the most important one has to be ensuring your family’s home and possessions are protected. We can exclusively negotiate policies or we can search the market to find the right Content and Building Insurance policy for you.
Life Insurance For Mortgage
Protecting your mortgage and your family should the unthinkable happen with a ‘Life Insurance For Mortgage’ plan is something that provides peace of mind. At Your Mortgage Shop, we have access to highly competitive rates and a range of products. We can help you ensure your loved ones have financial peace of mind in the worst of scenarios.
Mortgage Payment Protection Plan
This promises to make repayments on your mortgage (and other related expenditure like buildings insurance), in the event of accident, sickness or unemployment hitting your income.
Critical Illness Cover for Mortgage
A critical illness cover for mortgage policy pays out a tax-free lump sum of money upon diagnosis of a specified critical illness, giving you peace of mind when you need it most. When you suffer from a critical illness it can seriously affect you financially and the last thing that you would need is to face not being able to pay bills or make mortgage payments.
Insurance FAQs
Insurance for a mortgage, often referred to as mortgage protection insurance, provides financial security by covering your mortgage payments in case of unexpected events, such as illness, injury, or loss of income. The team at Your Mortgage Shop can help you find the right policy to ensure your home is protected.
At Your Mortgage Shop, we offer several types of mortgage insurance, including life insurance, critical illness cover, and income protection. These options allow you to customise coverage based on your personal needs, offering peace of mind for you and your family.
While not legally required, some lenders may recommend or require mortgage insurance, particularly if your deposit is small. At Your Mortgage Shop, we help you navigate these requirements and advise on the best insurance for your mortgage to suit your financial plan.
Mortgage life insurance provides a lump sum to pay off your mortgage in the event of death, while income protection offers ongoing payments if you’re unable to work. We can help you decide which type of insurance aligns with your needs and budget the best.
The cost of mortgage insurance depends on factors like the level of coverage, age, and health. Our team can provide a range of options and help you find affordable policies tailored to your circumstances.
Let an advisor search the market to find the best deal so you don’t have to. Simply get in touch with us by either calling us on 0115 962 0777 or complete the enquiry form below and one of our advisors will call you back.
