When you buy a family home and take a mortgage out to fund the purchase, you need to ensure your asset is going to be protected if something happens to you.
Insuring your house is essential. The bank or lender will not advance the loan if the house is not adequately insured. We have access to some of the best Fire & General brokers in NZ.
Imagine the devastation if a fire burned your house and all of its contents to the ground and you did not have your contents insured. How would you pay to replace all of your items? We can help with this cover.
When you buy a home and take out a mortgage your whole risk profile changes dramatically. You need to ensure your life insurance is still sufficient to cover your family’s needs if something were to happen to you.
Trauma & Disability
While not essential, it is strongly recommended. Not only do you need to ensure your family is protected if you die, but what if you face serious disability or illness through an accident or a health issue such as cancer or a heart attack.
Income Protection or Mortgage Repayment Insurance
This is critical. How you are going to make your monthly mortgage payments if you become sick for a while or lose your job? You need to make sure you can still pay for the roof over your family’s head.
The question you should ask yourself is how is my family going to cope with keeping our family home in place if I am gone or unable to earn income? Buying a home is a major step and one you want to make sure is properly protected in the event of misfortune.
At Mike Whittaker Mortgages we have access to a full range of Insurance solutions we can assist you with and are qualified to provide you with the right advice. Don’t ignore the insurance issue, address it!
To talk more about your insurance needs, Call Mike Whittaker today.