Affordable Mortgage Insurance Protection in New Zealand – Compare Quotes Today
Your home is your most valuable asset, and if you’re like most people, you probably have a mortgage that you’ll be paying off for decades. Fortunately, home ownership is beneficial for countless reasons, from ensuring your family will never be without a roof over their head to the potential to make a significant profit should you ever decide to sell it. However, taking out a mortgage worth hundreds of thousands – if not millions – of dollars comes with many risks.
What happens if you sustain an injury or become sick to the point where you can no longer work? What about if you pass away before your mortgage has been repaid, leaving your family with the burden of covering the payments? Too many people assume such situations will never happen to them, but as you’ll see from the facts detailed below, disasters can and do happen – frequently.
Fortunately, thanks to mortgage insurance protection in Auckland and Mortgage Protection Insurance in New Zealand, you can make sure you and your family will always have a home regardless of what the future brings. Whether you become too ill to work, sustain an injury or pass away, you can feel confident that your family members will still have a roof over their head.
At Ease Insurance Brokers, we understand that many people avoid taking out insurance on their mortgage due to the perceived expense and unreliability of many insurance companies, which is why we’ve made it simple to compare quotes from the nation’s leading providers. With just a few mouse clicks, you can obtain quotes from eight revered companies, and we’ll give you a call to help you choose the right cover for your particular situation.
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Why Should I Insure My Mortgage?
It’s easy to assume that with your current salary and potential for future pay rises, there’s no need to purchase insurance for your mortgage. However, it’s impossible to predict what the future might hold, and when you consider the following facts, you can see why mortgage insurance protection is crucial.
- Every day, four New Zealanders suffer a stroke and become unable to work.
- One in eight men and one in 12 women who are currently over the age of 30 will pass away before reaching 65.
- One in seven households has had to stop working for at least three months within the last five years.
- Most workers are only entitled to five sick days annually.
- If you’re self-employed, you might lose the entirety of your income should you become unable to work.
Unfortunately, the banks will likely take action if you can’t afford to keep paying your mortgage, even if it’s due to sickness or the death of the payer. Don’t let yourself or your family become a victim of such consequences – compare quotes for mortgage protection today.
How Does It Work?
- Type of Cover
Mortgage life insurance is there to protect your family if you pass away and nobody can afford to pay the mortgage. Mortgage protection, on the other hand, ensures you can meet your monthly mortgage obligations if you become too sick to work.
- Rent or Mortgage Protection
It’s possible to purchase insurance to cover your rent payments in the event you can’t make a living.
- How It Pays
If you pass away, your provider will usually give your family a lump-sum of money to pay off the mortgage. If you become sick or injured, you’ll receive a monthly income that’s enough to meet your mortgage repayments.
- How Long it Lasts
Depending on the cover your purchase, you could receive the money to pay off your mortgage for a matter of years or until you reach retirement age.
You’re not expected to get another job as quickly as possible to start covering your own payments. Your provider will give you an income until you can return to either a similar or identical occupation.
- Wait Time
How long it takes to receive an income from your insurance depends on the cover you purchase. Contact our experts for more details.
Why You Can Trust Ease Insurance
At Ease Insurance Brokers, our insurance specialists understand that many people think they can’t afford to buy mortgage protection, which is why we’ve made it easy for you to find out. In only takes a few minutes to compare quotes from the nation’s leading providers, after which you’ll receive a phone call from one of our experts who will help you choose the best cover for you.
In addition to helping you find cover, we’ll also help you finalise the details, make claims and receive timely payments. Basically, we’ll always have your back to ensure your provider keeps its promises, and we’re always on hand to offer advice and guidance. Compare mortgage protection quotes today or contact us on 0800 141 889 to discuss your needs with one of our experienced specialists.
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