For many, mortgage or rent payments will be your biggest monthly outcome. If you suddenly find yourself unable to work due to illness or accident, and unable to pay your regular outgoings, you could be at risk of losing your home. Home Protection Insurance is essential for both homeowners and renters who are looking to secure their home in the event of external circumstances that may affect monthly income. A lot of people do not even consider home protection insurance until it’s too late.
With Home Protection Insurance, there is not a ‘one size fits all’ option for you to choose from. With cover that is specifically tailored to suit your individual circumstances and budget, we can help you find the right package for your specific needs.
What are the different types of Home Protection Insurance?
Read more information below to find out more about the different types of cover available and how they can suit your requirements.
Whether you are a homeowner or renting a property, it is essential that you have insurance in place to protect you in the event of finding yourself without a regular income. Whichever Home Protection cover you choose, you can ensure that your home and loved ones are protected during tough and stressful situations.
Different Types of Home Protection Insurance Cover for Your Requirements
We have several different cover options for you to choose from, depending on your specific needs and requirements:
Critical Illness Cover pays out a Tax-Free lump sum if you are diagnosed with a serious illness, offering additional protection to Life Insurance.
Each provider has a different list of critical illnesses that they will pay out for. In general, it covers you against most cancers, heart attack, stroke, kidney or liver failure and multiple sclerosis.
The product is designed to pay up to 70% of a working individual’s annual pre-tax income as a monthly benefit (tax free) should they be off work due to an unexpected or sudden illness or injury.
With an Income Protection policy in place, you are not restricted on what type of illnesses or injuries you can claim on. You can claim as many times as you want throughout the policy term, with short and long-term options are available starting from 1yr, 2yrs, 5yrs or full cover which usually insures you up to retirement age.
Renters Income Protection Cover is ideal for those currently renting in the private rental sector in the UK. It has been designed to offer protection for a large percentage of people who would not be able to protect their income should they find themselves unable to work.
It works through paying out a monthly benefit to people who find themselves unable to work due to an unforeseen illness or accident. It can be used to cover the cost of rent, or it can be put towards other living expenses such as utilities, medical bills, and childcare.
Do I need specialist life insurance for my profession? Having a profession that is deemed “dangerous” or “hazardous” is probably more common than you would
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