What is mortgage protection?

If you've decided to get a mortgage, it is a big investment and it is important to have the right insurance policy in place to protect your valuable asset.

Mortgage protection is a dedicated type of life insurance and is usually compulsory if you are planning on buying your home through a mortgage provider. It ensures that your family will be relieved of the financial burden of repaying the mortgage, should the unexpected happen.

A mortgage provider will often offer mortgage protection too, however, it is advisable to shop around to see where you can get the best value for money.

Related Questions

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