The Right Insurance for Your Mortgage

Written By Kim Manunui

Buying a home is exciting, especially if it’s your first. There are keys to collect, rooms to fill and plenty of plans for the future. But alongside the excitement of taking on a mortgage, it’s worth having a conversation about what happens if life doesn’t quite go according to plan.

When you take out a mortgage, your financial commitments increase too. For most people, the plan is straightforward: work, earn an income and make the repayments. But illness, injury, redundancy or an unexpected health event can change things quickly. 

That’s where the right insurance can help, some things to consider include -

House and contents insurance protects the property securing the mortgage and the things that make it a home. It’s worth checking that the level of cover reflects realistic rebuilding and replacement costs. 

Life insurance can provide a lump sum if you die, which could be used to reduce or repay the mortgage and help give your family greater financial security.

Income protection can replace part of your income if illness or injury prevents you from working. After all, the mortgage doesn’t stop just because your paycheque does. 

Trauma insurance can provide a lump sum following certain serious medical conditions, giving you some financial breathing space while you focus on recovery.

Health insurance can also be valuable. Your health is one of your biggest financial assets, and private health insurance can help you access eligible treatment sooner, helping you get back to work and life.

Mortgage protection insurance is designed to help with mortgage repayments when certain unexpected events affect your ability to meet them, providing another layer of protection around the home loan.

Individual requirements differ and change along with life events. It’s important to maintain the right balance so it remains fit for purpose and not an unnecessary expense while protecting what matters.

Here at Infinance we get the approval sorted first, then take a look at insurance to ensure you have just the right amount you need with the latest updates available.

For more on the above, click on the link below.

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Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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