Do I need mortgage insurance?

  1. If you have a mortgage, repayments are likely to be your biggest monthly outgoing and, unfortunately, the need to pay it doesn't end if you're unable to work.

    So, it may be a good idea to take out some kind of mortgage insurance to cover the cost in the event of an accident, sickness or unemployment.
  2. There are benefits of getting mortgage insurance as this is valuable especially for those people who are uninsurable or insurable at a high rate because of health issues. It is also beneficial for people who work in high-risk occupations, such as roofers who usually cant get disability insurance.
  3. If you are unable to work then mortgage insurance helps you pay your mortgage payments

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