Buying guide
Do you need life insurance for a mortgage?
Everything you need to know about insurance now you’ve got a mortgage
AI summary
While not legally required for a mortgage, life insurance is highly recommended for homeowners. It provides a crucial financial safety net for your family, helping to repay the mortgage and cover living expenses if you pass away. Lenders do, however, require house insurance.
The right amount of cover depends on your debt, dependents, and future costs. Other valuable policies to consider include income protection and mortgage protection insurance to cover payments if you're unable to work.
Do I need life insurance when I buy a home?
Why is life insurance a good idea when you buy a home?
It's always a good idea to speak to an advisor before getting insurance.
How much cover do I need?
If you've got people who depend on you it's worth considering life insurance, especially if you have a mortgage.
What other insurance should I consider as a homeowner?
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