What is bond cover? | My Bond Cover

Bond cover refers to a type of life assurance policy (also erroneously known as life insurance) that is taken out for financial protection, and usually covers the outstanding balance of the policyholder's property bond.

Should a policyholder die or become permanently disabled, their bond cover policy will pay out*, enabling their estate to settle their outstanding debt on the property. Without the necessary bond cover in place, property owners risk losing their property should they die or become disabled.

If a person were to die without adequate bond cover in place, their estate will remain liable for any outstanding bond debt they incurred. Having a bond cover policy in place means that your loved ones won't have to carry this financial burden if something were to happen to you.

Ensure that you leave your family a lasting legacy and a home of their own. Contact us today for a free bond cover quote:

*Subject to terms & conditions and the cover premiums being paid as per the sales agreement.