Home Loan Cover | My Bond Cover
Looking for affordable home loan cover? My Bond Cover provides home loan cover quotes from 4 of SA's leading life insurance companies. Request a free home loan cover quote below or read more about home loan cover benefits below the form:
What exactly is home loan cover?
Home loan cover refers to a form of life assurance (also erroneously referred to as bond life insurance policies) that provides the bond cover policyholder with home loan debt protection - if you were to die or become permanently disabled, your bond cover policy would pay out and settle the outstanding balance on your home loan*.
Does it include the contents of my home?
No. Most bond cover policies protect the policyholder by covering the outstanding balance of their home loan - household content insurance is a different form of short-term cover, and building insurance - the actual insuring of the structure - is yet another kind of insurance cover.
*Standard terms and conditions apply to home loan cover policies.
How does home loan cover protect me?
Death and disability are not pleasant topics to think about - yet an adequate bond cover policy gives the policyholder the peace of mind that one of their biggest financial commitments - namely servicing their bond debt - will be taken care of in the event of their death or permanent disability.
What does home loan insurance cover me for?
Bond cover benefits may vary from one home loan insurance policy or plan to the next. What they will have in common, however, is a life insurance cover component that pays off in the event of death or permanent disability. Some bond cover plans may also feature an Accidental Death Cover benefit, yet these are not available with all South African home loan protection policies…
Benefits of home loan cover
My Bond Cover is proud to promote a range of home loan protection plans and policies that can be tailored to meet your individual cover requirements. Some of the benefits associated with the home loan cover policies we promote include: Modern-day home loan cover policies can generally be tailored to reflect homeowners' requirements. You can either go for a basic home loan insurance policy featuring death and permanent disability cover only, or even consider expanding your cover to included benefits such as a accidental death cover or an income protector benefit.*
Home loan cover policy benefits vary from one policy to the next, and also depend on what benefits the policyholder chooses to activate. Some home loan insurance policies may even feature a savings component, and life insurance companies are increasingly adding loyalty rewards programmes to their core home loan insurance offering.
(* Mortgage insurance, home loan insurance, bond insurance and life insurance are all more correctly referred to as 'assurance', yet the term will be used interchangeably throughout the site for the sake of search relevance.)
Get more life cover - and peace of mind - for less. Contact Wilson & Associates now for a free consultation on your bond cover or life insurance requirements.
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