How would you pay your mortgage if you had an accident or became ill?
For most people the purchase of their home is the largest financial commitment they will ever make. While it is very exciting it is also a little bit unnerving to know that you have committed to pay a significant amount of money back every fortnight or week for years. There is normally a large amount of soul-searching undertaken prior to making this commitment not only on your part but on the banks part as well!
The question to ask yourself is… if you were suddenly unable to work due to an accident or illness for an extended period how would you make your mortgage payments and protect your home?
It may also be good to ask yourself how long was your last holiday… two weeks, four weeks, six weeks… and then to ask yourself why wasn’t it longer? If it was down to financial reasons and that you simply couldn’t afford to take more time off then how would you get on in the event of an unexpected forced holiday due to illness or injury?.
For information on how to protect your ability to meet your mortgage payment please contact TBM Insurance.
