INSURANCES

Buying a home is one of the biggest financial commitments most people will ever make. While arranging a suitable mortgage is an important part of the process, it's also worth considering how you and your family could be financially protected if your circumstances change. 

At Monster Mortgages, we can help you understand a range of protection options, explaining how different types of cover work and helping you decide what may be suitable based on your individual circumstances.

Whether you're buying your first home, moving home, remortgaging or simply reviewing your existing arrangements, we can help you understand the protection options available.

The protection that's appropriate for you will depend on your personal circumstances, financial commitments and priorities.

Some of the most common types of protection homeowners consider include:

• Buildings & Contents Insurance – helping protect your home and belongings against insured events.
• Life Insurance – helping provide financial support for your loved ones if you die during the policy term.
• Critical Illness Cover – providing a lump sum if you are diagnosed with a covered serious illness.
• Income Protection – helping replace part of your income if you are unable to work due to illness or injury.
• Accident Protection – helping provide financial support following certain accidents, depending on the policy chosen.

The most suitable protection will depend on your individual circumstances, so understanding the different options available is an important part of protecting your finances.

Protection needs can change over time. That's why reviewing your insurance whenever your mortgage or personal circumstances change can help ensure your cover continues to meet your needs. 

There is no legal requirement to take out most types of insurance when arranging a mortgage. However, mortgage lenders will usually require buildings insurance to be in place before completion, as the property provides security for the mortgage.

Other types of protection, such as life insurance, critical illness cover and income protection, are optional but may be worth considering depending on your personal circumstances and financial commitments.

Each type of protection is designed to meet different needs.  Visit our dedicated guides to understand how each type of protection works and the situations in which it may be appropriate to consider them. 

• Life Insurance
• Critical Illness Cover
• Income Protection
• Home Insurance
• MetLife Accident Protection

Protection shouldn't only be considered when you first arrange your mortgage.

It can also be worth reviewing your cover when:

• Buying your first home
• Moving home
• Remortgaging
• Increasing your mortgage borrowing
• Having children
• Getting married or entering a civil partnership
• Changing jobs or becoming self-employed
• Paying off part of your mortgage

Reviewing your protection regularly can help ensure it continues to reflect your current circumstances.

Whether you're arranging your first mortgage or reviewing your existing protection, Monster Mortgages can help you understand the options available and make informed decisions based on your circumstances.