Mortgage Protection & Repayment Insurance
What is Mortgage & Rent Protection Insurance?
Mortgage & Rent Protection Insurance is designed to help protect your ability to meet your mortgage or rent payments if you experience unexpected circumstances, such as illness, injury, or job loss. This type of insurance ensures that you can keep up with your living expenses and avoid losing your home while you recover or search for new employment.
Silverstone Financial will help you in this process from start to end, offering expert advice to ensure you secure the right protection. From selecting the right coverage to assisting you during the claim process, we’re here to ensure your mortgage or rent payments are covered when you need it most.
Why Do I Need Mortgage & Rent Protection Insurance?
Having Mortgage & Rent Protection Cover in place can provide you with much-needed peace of mind in the event of:
Temporary Disability
or Illness
If you’re unable to work due to an injury or illness, this cover ensures that your mortgage or rent payments are still taken care of.
Reduced Financial
Stress
Avoid the stress of falling behind on payments during challenging times, knowing your essential payments are covered.
Protection for
Homeowners & Renters
Whether you own a home or rent, this cover protects your ability to maintain your living arrangements.
Additional Benefits of Mortgage & Rent Protection Insurance
This cover can offer several additional benefits depending on the policy, including:
-
Income
Replacement
Replacement of your lost income due to illness, injury, or job loss, helping you maintain your lifestyle while you recover or find new employment.
-
Flexible
Terms
Choose a policy that best suits your needs with flexible coverage amounts and payment periods.
-
Option to Add
Extra Coverage
Some policies allow you to add extra coverage for other living expenses if necessary.
-
Quick
Payouts
Many policies offer quick payouts to help you avoid financial strain during the claim process.
How to Claim Mortgage & Rent Protection Insurance?
To file a claim for your Mortgage & Rent Protection Cover:
-
Notify Your Silverstone Financial
Services or Your Insurer
Inform your insurance provider of your circumstances as soon as possible.
-
Provide Required
Documentation
Submit necessary documents, such as medical certificates, proof of job loss, or income loss.
- Assessment & Approval
Your insurer will review your claim based on the policy terms and assess your eligibility.
- Claim Payout
Upon approval, the insurer will pay the agreed amount to cover your mortgage or rent payments for a designated period.
Why Choose Silverstone Financial for Mortgage & Rent Protection Insurance?
We protect your biggest financial commitments so you can focus on recovery, not repayments.
Risk-Based Customisation
We assess your income, job security, and repayment obligations to recommend optimal protection.
Lender-Approved Policies
We ensure your cover meets the requirements of banks and landlords.
Timely Claims Assistance
If life disrupts your income, we help you lodge and manage claims efficiently.
Adapts to Life's Changes
Whether you change homes or employment, we make sure your protection stays relevant.