You will most probably be familiar with how you protect your property, using buildings and home contents insurance.
Are you as familiar with protecting your greatest asset – YOU?
A mortgage is likely to be the greatest financial commitment most people make. Your home (or buy-to-let investment) is still reliant on income being generated to support payment of the loan.
Events that could stop you getting your income to then pay your loans
- Short-term illness
- An accident
- A serious illness – such as cancer, stroke or heart attack
- Any of the above happening to your tenant in your buy-to-let.
You will probably have some existing plans and provisions (e.g. savings) in place already to help towards safeguarding this.