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.
We answer your most frequently asked questions.
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.
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.
If you’re looking for insurance that is specifically designed to cover your mortgage payments, then we suggest considering Mortgage Life Insurance Cover.
Mortgage Life Insurance Cover is put in place to ensure your outstanding mortgage is paid off in the event of death, giving your loved ones one less thing to worry about.
To ensure you are properly covered, you simply need to tell us how much is left to pay on your mortgage and over what term. That is the exact amount of cover and term length you will need to take out.
This type of life insurance is what is referred to as a ‘Decreasing Term policy’ – as the amount paid out decreases over time to keep in line with your outstanding mortgage balance.
Mortgage Life Insurance can be added onto your Critical Illness Cover.
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.
Click the links below to find out more about the different types of cover available and how they can suit your requirements:
Would recommend using this service
Tom has been incredibly helpful throughout the whole process of getting my life insurance set up. Very knowledgeable and absolutely ‘on it’ to get me the best product out there.
First Class Experience
Service was first class, Simon kept me informed at every step in the process.I would have no hesitation in dealing with him again.
Great, Quick Service
Dealt with Karl who could not have been more helpful. Made the whole process of getting life insurance far easier than other providers I had approached.
Fantastic!
Approved immediately. Process was so fast and a lot cheaper than I thought. Highly recommended.
