Home Loan Insurance
Protect your mortgage with comprehensive home loan insurance. If you can't work due to illness, lose your job, or pass away, we cover your monthly mortgage payments to keep your family home secure.
Home loans are typically your largest debt. Home loan insurance ensures your family can stay in your home even if tragedy strikes. With coverage available up to $500,000, peace of mind is affordable - sometimes less than $20 per week.
Why Choose Home Loan Insurance?
- Protects your family home - keep your house secure even if you can't work or pass away
- Coverage up to $500,000 - suitable for most New Zealand mortgages and investment properties
- Affordable premiums - from as little as $15-20 per week depending on loan amount and covers selected
- Complements life insurance - mortgage protection works alongside your existing life coverage
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Comprehensive Mortgage Protection Coverage
Death Cover
Up to $500,000 protection. If you pass away, your entire remaining mortgage is paid in full, and your family keeps the home debt-free.
Income Protection
If illness or injury prevents you from working, we cover your mortgage payments until you recover or claim settles, protecting your home security.
Redundancy Cover
Job loss protection for up to 12 months. If you're made redundant, your mortgage payments are covered while you find new employment.
Terminal Illness
Terminal illness cover pays out your full remaining mortgage if diagnosed with less than 12 months to live, providing immediate financial relief.
Choose individual covers or combine them for comprehensive mortgage protection. Coverage amounts scale with your outstanding mortgage balance up to $500,000.
Home Loan vs Life Insurance - What's the Difference?
Home Loan Insurance
Life Insurance
Important: Home loan insurance and life insurance are complementary, not competing products. Many Kiwis benefit from having both:
- •Life Insurance replaces your income for your family's general living expenses
- •Home Loan Insurance specifically protects your mortgage to keep the family home secure
Flexible Cover Types for Homeowners
Essential Cover
Death cover only. Suitable for homeowners with other income protection. Pays out your full remaining mortgage if you pass away.
Standard Cover
Death + income protection (illness/injury) + redundancy. Most popular option. Comprehensive protection for mortgage and employment security.
Premium Cover
All covers included - death, illness, redundancy, and terminal illness. Maximum protection for your biggest asset and family security.
Coverage Amounts Available
Standard Coverage Tiers:
- • $50,000 - $100,000
- • $100,000 - $250,000
- • $250,000 - $500,000
Coverage automatically decreases as your mortgage reduces, keeping your premiums aligned with your remaining debt.
Quick Quote Tip:
Have your current mortgage balance and lender details handy when requesting a quote for fastest processing.
When Should You Get Home Loan Insurance?
First-Time Homebuyer
Getting a mortgage for the first time? Home loan insurance is ideal when you're stretching financially to buy your first home and can't afford any income disruption.
Self-Employed Individuals
Income can be variable. Mortgage insurance protects your home if your business struggles or you face health issues that impact work capacity.
Single Income Families
One person earning household income? Insurance protects your family home and mortgage if you're the income earner.
Large Mortgages
Owing $400,000+? Insurance becomes more critical as the financial impact of losing your home to foreclosure is devastating.
Best time to apply? When you first get the mortgage. You'll get better premiums and terms as a new borrower, and you'll be covered from day one.
Explore Other Insurance Types
Personal Loan Insurance
Protection for personal loans, credit cards, and general borrowing.
Car Finance Insurance
Protect your vehicle finance loan and cover GAP insurance needs.
GAP Insurance
Vehicle shortfall cover if your car is written off.
Redundancy Cover
Job loss protection for loan and bill payments.
Protect Your Home and Family Today
Get comprehensive home loan insurance starting from $15-20 per week. No broker fees, quick approval, and coverage starts immediately.
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