Hand in Hand
Mortgage Mortgages and Insurance go hand in hand. Insurance is an area you need to be aware of and is where many people let themselves down. How prepared are you for a financial emergency? This is something we don’t like to think about, but now you have taken a home loan we need to make sure that you are protected.

Have you considered what would happen to your family if you or your partner were no longer able to provide an income? You may be fit and healthy now and hopefully you will stay that way, but just in case the unthinkable were to happen we can help make sure that the financial security of your family is safe.

We believe the question you should ask yourself is:
“How is my family going to cope with keeping our family home in place if I am gone or unable to earn income due to disability or for health reasons?”

Buying a property is a major step and one you want to make sure is properly protected in the event of misfortune. At Majesty we have access to a full range of insurance solutions. Check out our advisor profiles on the next page all of the team are very experienced Insurance/Risk specialists who will provide you with the right advice.

House Insurance
Insuring your house for its full replacement value is essential. The bank or lender will not advance the loan if the house is not adequately insured.

Contents Insurance
While not essential, it is strongly recommended that you insure the contents of your family home. Imagine the devastation if fire burned your house and all of its contents to the ground and you did not have your contents insured. How would you pay to replace all of your items? For landlords a basic contents option is commonly available (generally for a maximum of $5,000).

Life Insurance
This is a must and very strongly recommended. When you buy a home and take out a mortgage, your whole risk profile changes dramatically. You need to ensure your life insurance is still sufficient to cover your family’s needs if something happens to you.

Trauma Insurance
While not essential, it is strongly recommended. Not only do you need to ensure your family is protected if you die, but what about if you face serious disability or illness through an accident or health issue such as cancer or a heart attack.

Income Protection + Redundancy / Bankruptcy Insurance
While not essential, it is strongly recommended. How are you going to make your mortgage payments if you become sick or lose your job? You need to make sure you can still pay for the roof over your family’s head.

Don’t ignore the insurance issue – Address It!