types of personal insurance
Mortgage and rent protection insurance advice
Your mortgage payments or rent may be one of your biggest financial commitments.
Mortgage and rent protection insurance helps ensure those commitments can still be met if illness, injury, or unexpected circumstances affect your ability to earn income.
At CM Financial Advisers, we help Hawke’s Bay homeowners and renters structure insurance solutions that protect their mortgage repayments or rent.
Mortgage protection vs income protection
These two covers are often confused, but they serve slightly different purposes.
Mortgage and rent protection
Designed specifically to cover mortgage repayments or rent and related expenses.
It can offer flexible payments linked to your mortgage obligations.
Income protection
Provides a portion of your income if you cannot work, helping cover broader living costs.
Some people choose one option, while others combine both depending on their financial situation.
We help you structure cover so it suits your goals and budget.
Reviewing your existing cover
You may already have some protection through:
- A previous insurance policy
- Mortgage-related cover arranged when you purchased your home
- Income protection insurance
However, it’s worth reviewing if:
- Your mortgage has increased or changed
- You’ve purchased an investment property
- Your family circumstances have changed
- You haven’t reviewed your cover in several years
Insurance should evolve as your financial commitments grow.
Useful mortgage and rent protection insurance articles
Explore our articles and guides:
Want protection for your mortgage or rent?
Your home whether you have a mortgage or are paying rent are usually a significant financial commitment.
Contact CM Financial Advisers today for personalised mortgage or rent protection advice and an insurance review.