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Mortgage Protection

Home Mortgage Protection Insurance

Getting a home loan or mortgage is a big obligation. It can mean paying hundreds of thousands of dollars over many years to a bank or lender. This can be a big risk, which is why people consider getting mortgage protection.

Mortgage Protection Insurance / Income Protection / Repayment Cover

Meeting your mortgage repayments can be expensive. They are a big obligation and should not be taken lightly. Paying as much as $2,000 a month on a mortgage, sometimes even as much as $3,000, $4,000, or more, can be a risky obligation to meet. If you have an accident or contract a severe illness, this can be a big issue. If you have to take a lot of time off work it can be hard to answer the question: who or what pays the mortgage?

It is not uncommon for people to risk losing their house if they are unable to pay their mortgage. It is unfortunate that sometimes due to a disability leading to income loss, a family falls into difficult circumstances. It makes sense to plan ahead and minimise risks.

For this reason, many people request mortgage repayment insurance or mortgage income protection. These types of insurance can help in the event of a disability and provide some sort of protection in the event of the unthinkable.

Not all policies are the same and they have detailed terms and conditions. It’s definitely worth ensuring you understand the policy wording, what you are covered for, and what you are not covered for. It is also worth ensuring you understand what constitutes a disability under the wording of your insurance policy.

Extra Protection & Additional Cover
In the event of a disability, mortgage repayments are not the only things you’d be financially concerned about. You may want to have additional cover for things like bills, groceries, utilities, and other expenses. You can let us know if you want additional protection and we can review what can be done

Who is the best insurer?
Our service believes that there is not always ‘one best provider’ and instead it is worth evaluating your circumstances, the different providers, and what they are offering. It is worth taking the time to talk to a professional about this. Different insurers have different offerings, such as different terms and conditions, policy wording, financial strength ratings, claims philosophies, and more.

Where to get more information
It is worth discussing the situation with a suitably qualified insurance expert. Our mortgage insurance advisory service can help you review your situation and identify a suitable insurer. Our business works with many of New Zealand’s major insurers and can consolidate all of the deals in one place, together with third party ratings and information about the quality of those providers.

Get professional advice
One of the services we offer is advice and information regarding insurance. This means that you can receive information from a professional who understands the nuances and subtle differences between different companies. Rather than simply understanding the cost and price, you can get a clearer idea of what you are covered for in the event of a disability.

HELP WITH HOME LOANS, KIWISAVER AND INSURANCE

Just Financial is a professional financial adviser service and helps you with buying a home, using your KiwiSaver, insurance and more. Ask us to help you with your financial goals.

  • Home loans
  • Using your KiwiSaver
  • Saving money on your mortgage
  • Refinancing or debt consolidation
  • Low interest rates

  • Life insurance
  • Mortgage protection insurance
  • First home buyers
  • Help when the bank says no
  • Construction loans

Get Help From An Award Winning Financial Adviser

Want to buy a house? Looking for an amazing mortgage broker? Buying a house can be a challenging process. With the right advice, this can be made easy. Just Finance provides a professional mortgage broker service that can help you right throughout New Zealand. From first home buyers, to investors, as well as people who already have a house and want to refinance, there are many ways we help.

 

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