Insurance
A new mortgage is quite an increase in your commitments. It takes a lot of hard work to acquire assets, so it makes good sense to have adequate protection along the way. This not only means having your property and contents covered, but also ensuring that you and your family will be protected in the event of accident, injury or death. Smartline can help you arrange the necessary cover.
Home building and contents insurance
Your home loan provider will require you to have your home building insurance in place in order for them to settle on your home loan. This should be arranged immediately.
Many people choose to combine their home and contents insurance as this is often less expensive than having two separate policies. You have two choices – indemnity (depreciated value) and replacement/reinstatement.
Your Smartline Adviser can assist you arrange your home and contents insurance.
Life insurance to cover your loan
Life insurance to cover your loan is very important because, unless you are independently wealthy, your ongoing good health is necessary for you to continue to meet your mortgage repayments. People generally require enough insurance so that in the event of terminal illness or death, their dependents will be able to repay the mortgage and have money to live on.
The facts are that for every home lost to fire, many more are lost due to death, disability or injury. Most people would be horrified at the thought of not having their car or home insured, yet forget the need to insure their biggest asset – themselves.
Smartline has very affordable quality insurance solutions available for its clients.
Ask your Smartline Mortgage Broker about arranging your insurance cover.
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