Buying mortgage protection insurance


With so many alternative products available which provide a similar level of protection, the process of buying mortgage protection insurance can be a confusing one. With that said, it is essential you remain focussed and mindful of the exact protection you require from your policy and are not distracted by the wealth of other options. Read our guide to buying mortgage protection insurance.

Understand the cover you need

If the ability to meet mortgage repayments is your biggest concern, then it is likely that mortgage protection insurance will provide cover which is most suited to your needs. Mortgage protection insurance provides extensive coverage and premiums are competitively priced. If you do not have a mortgage and are primarily concerned with covering your living costs, then lifestyle protection or a short-term income insurance policy might be more suitable.

Seek advice if you need it

If you’re unsure exactly which insurance product is best suited to your needs, seek advice from a specialist broker or independent financial adviser. They will be able to provide you with the advice you need to match the most suitable insurance cover to your specific needs. The services of IFAs are often expensive, so why not call a broker or specialist insurance company who will provide you with free advice and a no-obligation quote.

If you would like any advice about mortgage protection insurance, please give our experienced advisers a call on 1890 917 917.