Combined mortgage insurance
One policy protects the mortgaged home against damage or total loss and covers the borrower for serious consequences of an accident. The sums insured, policy term and exact risks are set out in the individual policy schedule.
Property cover and personal accident cover each has its own sum insured. Cover applies only to the events and terms listed in the policy.
The main structural elements of the home at the address shown in the policy.
Death or Group I permanent disability caused by an accident.
The property and personal accident limits are shown separately in the policy schedule.
Mortgage, property and borrower details are confirmed before the quote is issued.
A specialist will confirm the mortgage details
The standard list covers major household incidents and natural events. Check the policy schedule for the exact cover.
Damage to or total loss of the main structure caused by fire, explosion or a direct lightning strike.
Damage caused by these natural events, subject to the policy terms.
Damage caused by strong winds, heavy precipitation or snow load.
Leaks from water supply, sewerage, heating or air-conditioning systems, including water from neighbouring premises.
Unlawful damage to the home. Burglary is covered only when it is included in the individual terms.
Damage to the insured home caused by an aircraft or parts falling from it.
Property cover explained
This policy covers the main structure of the home at the address shown in the policy. Interior finishes, equipment and belongings need separate cover.
Included
Not included under this policy
Partial damage
Necessary repair costs, up to the sum insured
Total loss
Calculated using the sum insured and policy terms
Underinsurance
The indemnity may be reduced proportionally
Illness is not covered
Personal accident cover applies when an accident during the policy period causes a serious outcome. Illnesses and conditions unrelated to an accident are outside this cover.
You can start with the basics. A specialist will tell you if anything else is needed and prepare the individual terms.
The bank, agreement number and date, mortgage term and collateral details.
The address, cadastral details and proof of ownership or another legal right to the property.
The value of the mortgaged home and the required property-cover limit.
Full name, date of birth, identity document and contact details.
The personal accident limit is agreed separately.
The start and end dates are checked against the mortgage documents.
Your quote is based on the property, the borrower and the mortgage requirements.
Complete the form. A specialist will confirm the bank, property and your preferred way to be contacted.
We will need details of the mortgage, property, sums insured, policy term and borrower.
Check the risks, exclusions, sums insured, policy term, premium and what to do after an event.
Take reasonable steps to limit the damage and contact the relevant authorities when required. Then follow the notice period for the affected part of the policy.
Keep the damaged property, photos, certificates and other evidence of the cause and amount of loss.
For property, report immediately and no later than 3 working days. For an accident, send written notice within 30 calendar days.
For property, submit the written claim within 5 working days after notification. The document list depends on the event.
For property claims, the decision is made after the full document set is received. The remaining deadlines are set out in the policy and insurance claim report.
It is one policy with two areas of cover: the mortgaged home against covered damage and the borrower against serious consequences of an accident. Each part has its own sum insured.
It is designed for an individual borrower whose home is pledged under a mortgage and must be insured under the mortgage documents.
A residential property listed in the policy and mortgage documents, such as an apartment or house. The insurer reviews the property details and documents before confirming cover.
The main structural elements of the home at the insured address: walls, structural slabs, ceilings, floors and window frames, within the limits stated in the policy.
No. This policy does not cover interior finishes, doors, built-in furniture, engineering equipment, plumbing, heating, wiring, ventilation, air conditioning or built-in appliances.
Fire, explosion, lightning, earthquake, flood, storm, heavy precipitation and snow, escape of water from building systems or neighbouring premises, unlawful acts by third parties and falling aircraft. Check the individual policy schedule for the exact list.
Only when burglary is expressly included in the individual terms. Report the incident to the relevant authorities immediately and follow the notice process in the policy.
The policy covers two serious outcomes caused by an accident: death and Group I permanent disability, subject to the policy terms and exclusions.
No. It covers accidents only. Illnesses and conditions not caused by an accident are outside this cover.
The quote is tailored to the policy. It depends on the property and personal sums insured, policy term, mortgage details, property information and agreed terms.
The mortgage agreement, bank and collateral details, property and cadastral documents, property value, borrower details, required sums insured and policy term. A specialist will confirm the final list.
The indemnity is based on the necessary repair costs, up to the sum insured and subject to the policy terms.
If the sum insured is below the insurance value, the indemnity may be reduced in proportion to the ratio between those amounts, unless the policy says otherwise.
For property, report immediately and no later than 3 working days, then submit a written claim within 5 working days after notification. For an accident, send written notice within 30 calendar days.
Take reasonable steps to limit the loss. Call emergency services, the fire service or law enforcement when needed, preserve evidence of the event and notify the insurer as soon as possible.
Send a request through the form. A specialist will confirm the mortgage details, request the necessary documents and prepare the individual terms for your review.
Send a request and a specialist will confirm the terms for your mortgage.
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