Mortgage protection is a type of insurance that can help you stay on top of your loan repayments if you become sick, injured, or disabled and are unable to go to work and earn an income. This type of coverage can give you and your family peace of mind in knowing that your mortgage will be taken care of even if something unexpected happens.
It's important to have adequate insurance in case of unforeseen events. Mortgage repayment cover is one way to make sure you can still meet your monthly payments if something happens to you. Make sure your cover is at least equal to your monthly mortgage repayments. Your home is a big investment so, its important to remember that your ability to pay for it with your income is just as important.