Home Insurance

Mortgage Protection: Peace of mind for if the unexpected happened

By 17 April, 2019 No Comments

Starting out on the property ladder, downsizing or selling a property to purchase a bigger home can be a daunting yet exciting prospect. For many people buying a home is the biggest investment they will ever make. However, whether someone is buying their milestone first home, buying a sought-after retirement escape, or simply changing location they could worry about how they might make the repayments if things went wrong. Like any long term commitment, having a mortgage should not be taken for granted and individuals should take care to maintain repayments or they might risk losing their home. Of course a person buying a house or other property could choose to take out mortgage protection insurance which would pay out in the event of illness, death and loss of income.

Taking Care of Home and Family

Just like life assurance and critical illness, mortgage protection could be crucial for families. Homeowners stand a chance of losing their home in the event of illness, death, and loss of income. If a person can no longer pay the mortgage repayments or worse still is not alive to do so it could leave them and their families financially ruined. If a person becomes seriously ill this could be an added worry that families can well do without. In the worst circumstances individuals may be left having to sell their homes, risk the bank repossessing their property or face bankruptcy. Mortgage protection insurance could help families avoid all this by paying off the remaining mortgage after death, and also in the case of illness or unemployment keep up the repayments until things improve.

Families with multiple incomes, large salaries, and good health who own a moderate home may think that mortgage protection isn’t for them. But in many cases, mortgage protection can be a blessing for those caught in unexpected circumstances, or families who are struggling to pay their bills because their work hours have been reduced. Having mortgage protection insurance in place could mean having peace of mind as well as ensuring that loved ones will have a roof over their heads in case of something unforeseen happening.

Simple, Fast, and Easy

Mortgage protection insurance doesn’t have to be expensive, and people can choose from a range of options as well as top-rate mortgage protection providers to find the plan which works for them. At Insure4You our leading team of experts can help homeowners find the best deals which fit their needs and budget, so people don’t have to worry about making a costly investment in order to protect their home in this way.

People work hard to buy any type of property and make it their own. To think that it could be taken away at a time when a family could be grieving and vulnerable is particularly upsetting. No-one can predict what will happen in the future but good health and fortune cannot be guaranteed. Insure4You can help families put measures in place to protect their mortgage repayments and in turn protect the family home.