DOMESTIC PROTECTION
Rest assured with the Protective Home Cover
For many, the mortgage or rent payment will be their biggest monthly result. If you are suddenly unable to work because of an illness or accident and cannot pay your regular expenses, you risk losing your home. Home Protection Insurance is essential for homeowners and renters looking to protect their home in the event of external circumstances that could affect monthly income. Many people don't even consider home protection insurance until it's too late.
How Much Coverage Do I Need?
With Home Protection Insurance, there is no one-size-fits-all option for you to choose. With a cover specifically tailored to suit your individual circumstances and budget, we can help you find the right package for your specific needs.
What Are The Different Types Of Home Protection Insurance?
Read more information below to learn more about the different types of coverage available and how they can meet your needs.
Do I Need Home Protection Insurance?
Whether you own or rent property, it is essential that you have insurance to protect you in case you run out of regular income. Whichever Home Protection cover you choose, you can ensure that your home and your loved ones are protected during difficult and stressful situations.
Different Types Of Home Protection Insurance Coverage For Your Needs
Critical Illness Coverage
Critical Illness Coverage pays a tax-free lump sum if you are diagnosed with a serious illness, providing additional Life Insurance protection.
Each provider has a different list of critical illnesses they pay for. It usually covers you against most cancers, heart attacks, strokes, kidney or liver failure, and multiple sclerosis.
Income Protection
The product is designed to pay up to 70% of an individual's pre-tax annual income as a monthly (tax-free) benefit if they are absent from work due to an unexpected or sudden illness or injury.
With an income protection policy in place, you are not restricted in the type of illnesses or injuries you can claim. You can claim as many times as you like during the term of the policy, with short-term and long-term options available from 1 year, 2 years, 5 years or full coverage that generally guarantee you until retirement age.
Mortgage life insurance
If you are looking for insurance specifically designed to cover your mortgage payments, we suggest considering Mortgage Life Insurance Coverage.
Mortgage life insurance coverage is implemented to ensure that your outstanding mortgage is paid in the event of your death, giving your loved ones one less thing to worry about.
To ensure you have adequate coverage, you just need to let us know how much you have to pay on your mortgage and by what time. This is the exact amount of coverage and length of term you will need to take out.
This type of life insurance is known as a "declining term policy" as the amount paid decreases over time to maintain balance with the outstanding mortgage balance. Mortgage life insurance can be added to your critical illness coverage.
Renters Income Protection Coverage
Renters Income Protection Cover is ideal for those who are renting in the UK private rental sector. It is designed to offer protection to a large percentage of people who would not be able to protect their income if they were unable to work.
It works by paying a monthly payment to people who are unable to work due to illness or unforeseen accident. It can be used to cover the cost of rent or it can be used for other living expenses such as utilities, medical bills and child care.