Comprehensive Insurance Protection for Your Home and Family - South West Mortgag
Protect Your Home, Your Family, and Your Future with Comprehensive Insurance Solutions
Life is full of uncertainties, but when it comes to securing your home, it’s essential to ensure you're covered in case the worst happens.
Fortunately, insurance markets provide you with the option to protect yourself from life’s unpredictable challenges.
Nothing in life is certain; adequate insurance brings peace of mind. Insurance products can be complex, and their cost may seem daunting. That's where a knowledgeable protection adviser comes in—offering the best advice and helping you find the most affordable options.
Why Protection Matters
While we hope life will be smooth, most of us know someone who has experienced the challenges of unemployment, illness, or even premature death. These unexpected events can be difficult to handle, especially if you have a mortgage on your home.
In such times, failing to protect yourself and your family could lead to devastating consequences. That’s why it makes sense to plan ahead and ensure you're covered against the unexpected.
Planning for the Future
By securing proper insurance now, you can protect your home, your family, and your future. Planning ahead ensures that you're prepared for whatever life throws your way.
What Should You Protect Against?
Purchasing your own home is likely the most significant financial commitment you’ll make. That’s why it’s crucial to protect your mortgage from life’s unexpected events, such as:
- Death
- Critical Illness
- Long-term Illness
- Sickness/Disability
- Unemployment
With the right insurance, you can safeguard your home and ensure you won't lose it, regardless of what happens.
Types of Insurance Coverage
Life Insurance
A life insurance policy provides a lump sum payout upon the death of the insured person. This can be used to pay off the entire mortgage, ensuring your family doesn't have to worry about losing their home.
Critical Illness Cover
Often paired with life insurance, critical illness cover pays out if you're diagnosed with a serious illness like heart attack, stroke, or cancer. It may also cover total and permanent disability. With more people surviving critical illnesses, it’s crucial to have income protection to avoid losing your home during recovery.
Income Protection
If you're unable to work due to illness or injury, income protection pays a regular monthly benefit to replace part of your lost income. This type of cover can help ensure your mortgage payments are met, even if you’re temporarily unable to work. Policies typically cover up to 65-70% of your income and can last until you're fit to return to work or the mortgage term ends.
Buildings Insurance
Lenders typically require buildings insurance before completing a mortgage. This policy covers damage to your home, up to the full rebuild cost. If structural damage occurs, buildings insurance can help cover the costs of repairs. Accidental damage coverage is also available to protect against any mistakes you might make.
Contents Insurance
Contents insurance covers your personal belongings, such as furniture, clothing, and electronics, against risks like fire, burglary, or flooding. Additionally, it can protect your possessions when traveling. If anything is damaged or lost, the policy will replace the items or provide a cash payout for new purchases.
Call Us Now
South West Mortgage Brokers offers access to a wide range of insurance products and expert advice to help you secure the best coverage for your needs.
Call us today at 01392 927327 or use our contact form for more information.
South West Mortgage Brokers have access to a wide array of insurance products, and the experience to provide you with the best advice.
