CRITICAL ILLNESS COVER
If you suffer one of the critical illnesses covered by the policy and are eligible to claim, the benefit paid out could provide the money to help repay the loan.
MORTGAGE PAYMENT INSURANCE
If you are unable to work because of an accident or an illness resulting in loss of earnings, or you become unemployed (if option chosen) and cannot keep up mortgage payments, you could lose your home. The government offers only limited help and only after a period of nine months.
It is therefore important that you take steps to protect your mortgage payments. You can take cover to protect your payments for a specified period, normally for the term of your mortgage. You should discuss the cover options available with one of the advisers at McAfee Properties and Mortgages.
BUILDINGS AND CONTENTS
It is usually a condition of your mortgage that you take out 'buildings insurance' to protect your home. If you have a leasehold property, you should check the terms of your lease to ascertain your buildings insurance requirements.
For your peace of mind, it is also important to arrange adequate 'contents insurance' so your belongings are covered against things like fire, theft and flood. Ask your mortgage adviser at McAfee Properties & Mortgages for further information on how we could help you.
For insurance business we arrange policies exclusively from Legal & General.
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