Bond Protection Insurance

Home/Bond Protection Insurance

Bond Protection Insurance

Bond Protection Insurance (also called a Bond Protection Plan or Home Loan Insurance) helps settle your outstanding home loan if you pass away, become permanently disabled, or are diagnosed with a serious illness. It ensures your loved ones keep their home without financial strain.

Why You Need Bond Protection Insurance

  • Home Loan Security: Ensures your bond is covered in the event of death or disability.
  • Protect Your Family: Prevents your family from inheriting debt or losing their home.
  • Peace of Mind: Offers financial protection during uncertain times.
  • Faster Estate Transfer: Reduces delays when transferring property through an estate.

Bond Protection Plan vs Life Insurance

While both provide financial protection, Bond Protection Plans are specifically for paying off your home loan. Life insurance offers broader financial benefits and flexibility for your dependents.

Feature Bond Protection Plan Life Insurance
Covers Home Loan Only Yes No
Fixed to Bond Amount Yes No
Funds Go to Bank Yes No (to beneficiaries)
Can Be Combined with Life Cover Yes Yes

How Much Bond Protection Cover Do You Need?

Your bond cover amount should match the outstanding balance of your home loan. This ensures the bond can be fully settled if you are no longer able to make repayments. Many home loan providers recommend or require this cover when granting a bond.

Get Bond Protection Quotes

Whether you're taking out a new bond or want to secure your existing one, we make it easy to find the right cover for your needs and budget.

Start Protecting Your Home And Family Today

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