What Is Mortgage Protection Insurance?
When you take out a mortgage, you’re making a big investment in your future. But what happens if the unexpected strikes? That’s where Mortgage Protection Insurance comes in — and at Clear Finance Doncaster, we offer a clever version that actually decreases as your loan does.
Mortgage Protection Insurance is designed to help cover your home loan repayments if something serious happens – like illness, injury, or even death. It’s a safety net that gives you and your loved ones peace of mind, knowing your home is protected if life takes a turn.
What Is Decreasing Mortgage Protection?
Unlike standard life insurance, Decreasing Mortgage Protection is tailored specifically to your home loan. As your mortgage balance goes down over time, so does the insured amount – which means:
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You’re not over-insured
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Premiums often cost less than standard policies
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Your cover stays in line with what you owe
This way, you’re only paying for the cover you actually need.
Why Consider It?
✔ Peace of Mind – Know that your family can stay in your home if something happens to you.
✔ Cost-Effective – Because the insured amount reduces, premiums are often more affordable.
✔ Tailored Cover – It’s designed to mirror your mortgage, so it fits perfectly with your financial goals.
For more information about our Financial Services and products in Doncaster call 01302 835938
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