by Greg North | May 16, 2022 | Types of Insurance
What is Mortgage Protection Insurance? Mortgage protection insurance supports you in case you become involuntarily unemployed or are unable to work due to illness or disability. It is considered prudent to ensure that you can continue to meet your commitment and...
by Greg North | May 16, 2022 | Types of Insurance
What is Lender’s Mortgage Insurance (LMI)? LMI is often referred to as mortgage insurance. It is usually required by the lender where the borrower’s deposit is less than 20% of the purchase price of the property. LMI is paid for by the borrower, and...
by Greg North | May 16, 2022 | Types of Insurance
What is Landlord Property Insurance? Landlord insurance covers an investment property owner from financial losses or damage to their property as a result of malicious damage or unexpected events such as fire, storm and flood. The policy covers the building but does...
by Greg North | May 16, 2022 | Types of Insurance
What is Building Contents Insurance? Content insurance covers the contents of your home in the event they are destroyed, damaged or stolen. It is separate from property insurance. It may or may not cover items that are not always housed in your home, eg, a...
by Greg North | May 16, 2022 | Types of Insurance
What is Property or Building Insurance? Building insurance covers the structure of the building to cover risks such as fire, landslip etc. It should provide you with adequate cover should you need to repair or replace your home (ie, house, garage, shed etc.) The...
