Secure your Home and Peace of Mind
Your home is your sanctuary, a place of comfort and safety but have you got protection in place to protect it during uncertain times?
Income Protection
When buying a home with a mortgage, a stable income is essential but what if unexpected events, like illness or injury, prevent you from working and therefore leaves you without any income?
Let's explore how Income Protection can provide a replacement income, helping you cover your mortgage payments and everyday expenses during challenging times.
Income protection:
- Helps protect you and your loved ones
- Provides a monthly tax-free income after a predetermined waiting period that could help pay your mortgage and monthly bills
- The monthly income will continue until the first of the following occur; your return to work, the end of the limited payment term, your cover expiring or upon your death
- It could even supplement your earnings if you are able to return to work in a part-time position or in a lower-earning role
Critical Illness Cover
Critical Illness Cover allows you to recuperate if you suffer from health conditions such as a heart attack. In this circumstance you wouldn’t have to worry about rushing back to work to pay your mortgage and bills, you could take the time needed to fully heal. It also can provide a pay out if your children were to become seriously ill.
- Provides protection for you and your family
- Offers a tax-free lump sum upon diagnosis of a covered critical illness
- Includes coverage for children
- The tax-free lump sum can help pay off or reduce your mortgage
- Option to upgrade to an extended list of conditions for an additional cost
Life Insurance
Life Insurance covers the worst-case scenario, meaning that you could ensure your loved ones can remain in the family home without the worry of any financial burden. Life Insurance offers the financial support as shown below:
- Provides protection for you and your family
- Offers a tax-free lump sum if you die
- The tax-free lump sum can help pay off or reduce your mortgage
- Life Insurance can be combined with Critical Illness Cover
- Creating a will helps ensure the funds are distributed according to your wishes
Buildings Insurance
Mortgage lenders require your home to be insured if you have a freehold property, to ensure that you are able to repair or replace your home if it were significantly damaged. Building Insurance policies can cover a range of damage including:
- Damage to the structure of your property, garages and outbuildings
- The cost of alternative accommodation (including loss of rent) if you had to leave your home due to damage
- It also covers replacement locks should you need them changing or lost keys
- Cover for like-for-like items
- Further, it also provides liability protection for injuries or property damage
Contents Insurance
Contents insurance covers your belongings inside your home and, in some cases, may also extend to protect them when you're away from your home. This insurance can cover the below:
- Loss or damage to your personal possessions
- Extended to also cover your garden, outbuildings and garden furniture
- It can also cover the cost of replacing any undamaged items in a set such as curtains or furniture
- If your fridge/freezer was to break, it could cover the cost of replacing any spoiled food
- Most contents insurances also offer new-for-old replacements
To find out more about our Insurance policies, please contact your local branch or download our Guide to Insurance.