mortgage life insurance

Mortgage insurance

Protecting your family home.

Mortgage insurance covers your home loan payments if you lose your job or income, ensuring that you don't lose your house while you get back on your feet.

A mortgage protection policy protects your home and financial security in times of financial difficulty. It helps maintain your credit rating, and can also cover other mortgage-related expenses. With customisable options and additional benefits such as job search support, mortgage protection insurance is a cost-effective way to prevent defaulting on your home loan.

Benefits:

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A simple and affordable way to protect your biggest family asset
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Covers your mortgage payments if you lose your income
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Enables you to keep your good credit rating
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Know that your family's financial future is secure

Frequently asked questions

What is mortgage protection insurance?
mortgage protection insurance nz

Mortgage protection insurance is designed to cover your home loan repayments if you’re unable to work due to illness, injury, or death. Unlike lender’s mortgage insurance, which protects the bank, mortgage protection insurance NZ protects you and your family by ensuring the mortgage is paid even if something unexpected happens.

How does mortgage protection insurance NZ work?
mortgage protection insurance nz

When you take out mortgage protection insurance NZ, you choose how much of your repayments you want covered and for how long. If you’re unable to meet your mortgage because of illness, disability, redundancy, or death (depending on the policy), the insurer will step in and make the payments for you. This keeps your household secure and reduces the risk of losing your home.

Do I need mortgage protection insurance if I already have life insurance?
mortgage protection insurance nz

Life insurance can clear your mortgage if you pass away, but it doesn’t help if you’re alive but unable to work due to illness or injury. Mortgage protection insurance fills that gap by keeping repayments covered during those difficult times. Having both life insurance and mortgage repayment insurance NZ gives more comprehensive protection for your home and family.

How do I choose the best mortgage insurance in New Zealand?
mortgage protection insurance nz

The best mortgage repayment insurance depends on your loan size, income, family situation, and budget. Leading life insurers in New Zealand, such as AIA, Partners Life, Asteron Life, Fidelity Life and Chubb Life, offer mortgage protection options. Working with an adviser ensures you compare across providers and structure cover that fits your circumstances. An adviser like NZ Insurances can explain the fine print and help you decide whether mortgage life insurance, repayment cover, or a mix of both is right for you.

Are you fully covered?

Take a closer look at these insurance policies. Get in touch for a free quote to make sure you have comprehensive coverage for your lifestyle and budget.

Our dedicated team

Loyal
We’ll seek out the best policy and package for your circumstances, no matter who the provider is, and we’ll bat for you if you need to make a claim.
Experienced
Our knowledgeable insurance advisers are dedicated to keeping Kiwi families’ income and investments safe and secure through quality insurance.
Get in Touch

Ready to Get Covered?

Are you prepared for the unexpected? Please don’t wait until it’s too late to get the right coverage for your life, health, home, and income. Contact NZ Insurances today to speak with one of our expert insurance advisers NZ and secure your future with the best protection.
Feel free to reach out if you need further assistance or would like to learn more about our insurance products. We’re here to support you every step of the way!
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