Mortgage Protection Insurance

“When I was young, I thought that money was the most important thing in life. Now that I’m old I know that it is.”

– Oscar Wilde

There are various stages in the homeownership journey. Perhaps you’ve worked hard, bought your first or second home, and are well on your way to creating a lifetime of memories as your home and family grow together. Or perhaps you’re still on the hunt, building up your savings towards the goal of turning your rental payments to the landlord, into payments towards your own asset. Creating security for your future and owning what may be the biggest asset you’ll ever own.

Many of your short term, and long-term goals will be contingent on your ability to earn and save an income. 

You do not have a crystal ball, and you cannot know what the future holds, but you can prepare for certain eventualities. Mortgage Protection Insurance allows you to insure a percentage of your income, the value of your mortgage, or even your rent, in the event you are medically unable to work. This could be due to an accident, or medical illness (including Mental Health, which has become one of the main reasons to claim Income Protection Insurance). 

Mortgage Protection Insurance is an agreed monthly payment from the insurance company, paid directly to you. It will continue to pay/support you even if you are returning to work in a part-time capacity, meaning you don’t need to force a return. We can get injured/sick quickly, but recovery can be more gradual, meaning a partial return to work is very common. Mortgage protection works with your ACC payments, meaning you receive both. 

There are various options for Mortgage Protection Insurance available. The Insurance Basket will take the time to understand your situation, so we can match you with the appropriate type of Mortgage Protection Insurance for your situation.