Insurance

A new mortgage is often an increase in your commitments. Having your new home protected is clearly important. This not only means having your property and contents covered, but also having you and your family protected in the event of accident, injury or death. Best Value home loans can help you arrange the right cover.

• Home and contents insurance
• Life insurance cover for your loan

Home building and contents cover

Your lender will require you to have your home building insurance in place before settlement of your home loan. This should be arranged immediately.

Many people choose to combine their home and contents insurance as this is often less expensive than having two separate policies. You have two choices – indemnity (depreciated value) and replacement/reinstatement.

Your Best Value home loans adviser can assist you arrange your home and contents insurance.

Life insurance cover for your loan

Life insurance to cover your loan is very important because a death in the family could seriously impact your ability continue to meet your mortgage repayments. People generally require enough insurance so that in the event of terminal illness or death, their dependents will be able to repay the mortgage and have money to live on.

For every home lost by fire today, many more are lost due to death, disability or injury. Most people believe they should have their car or home insured but forget to insure themselves.

Best value home loans has quality affordable insurance solutions available for its clients.