If you know you have found the house you plan to stay in until you grow old—you should definitely consider getting Mortgage Protection Insurance! Another scenario to consider is if you have a large amount of equity in a property and are still paying your mortgage, you’ll want to make sure it is secure using Mortgage Protection Insurance if anything were to happen to you!
If you have a high risk profession, such as military, police, firefighting—it is also worth considering getting a Mortgage Protection Insurance Policy to protect your house if you get injured, fall ill, or die. If you have a family this is especially paramount and is always worth consideration! Since you are protecting others and their assets, shouldn’t you also protect your own assets?
It will be an extra cost on top of your mortgage each month—but if you want to ensure you keep your property for your family when you pass away or become injured then it is a great idea to get a Mortgage Protection Insurance policy for your home!