The Mortgage Shop NI - What Are Your Insurance Needs?

• Why Switch Mortgage?
• How Much Can I Borrow?
• What Costs Are Involved?
• What Are Your Insurance Needs?
• First Time Buyer Options
• Tenant Purchase
• Details on Co-Ownership

What Are Your Insurance Needs?

Life Cover

Life cover provides a lump sum if you die during the policy term, which can help pay off your mortgage. Therefore your family will not have to worry about repayments on your mortgage.

Critical Illness Cover

Critical Illness Cover is designed to help cover those critical illnesses which could have a severe impact on your lifestyle. It will pay out if you are diagnosed with one of the specified critical illnesses or disabilities listed on the policy or on death during the period of cover and you are eligible to claim. All illnesses covered by this plan are consistent with the current view of critical illness held by the medical profession and the Association of British Insurer's list of critical illnesses.

We can arrange cover for you for 39 specified critical illnesses that could change your life in such a way that you would need financial help to repay your mortgage.

Income Protection Benefit

Income Protection Benefit provides a regular monthly benefit if you can't work due to incapacity caused by an illness or an injury and which results in a loss of earnings. This means that you can have financial stability until you recover and return to work, no longer suffer a loss of earnings, die or the policy ends.

Life insurance plans are not investment products. They have no cash in value at any time. Also, if you stop paying the premiums before the end of your policy, your cover will end after 30 days.

Mortgage Payment Protection Insurance (MPPI)

Mortgage Payment Protection Insurance (MPPI) provides a benefit for up to 365 days to help pay your mortgage repayments if you are unable to work due to an accident, sickness or involuntary unemployment.

Buildings Insurance

This will cover items that cannot be removed if you move home. These include the property structure such as roof, walls, windows and permanent fittings.

Contents Insurance

This will cover your household goods, personal posessions and valuables within the home.

Please note that home insurance is designed to cover certain unforeseen events and doesn't cover everything. It does not cover things like general wear and tear or damage that happens gradually over a period of time. There is also an excess on each claim.

Life insurance plans are not investment products. They have no cash in value at any time. Also, if you stop paying premiums before the end of your policy, your cover will end after 30 days.

For insurance business we arrange policies exclusively from Legal & General.