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 life insurance isn't legally required for a mortgage, house insurance is mandatory. It's highly recommended to protect co-borrowers from inheriting the full mortgage debt if you pass away.
A good policy can cover the mortgage, funeral costs, and living expenses for your family. The right amount of cover depends on your personal circumstances. Other useful policies include income protection and mortgage protection insurance. Seeking professional advice is recommended to ensure you have adequate cover.
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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