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Protect your family home against unforseen misfortune

By Phillip Tarrant 30 November 1999 | 1 minute read

Have you ever thought about what would happen to your mortgage if you had an accident or become seriously ill and could no longer work?


Not a nice thought, but one that should be considered – for all mortgage holders.

All too often families experience hardship when unplanned circumstances impact on their ability to pay their mortgage. Should the unexpected strike, maintaining mortgage repayments may mean dipping into your savings, but with less income your reserves can rapidly disappear.

So what can you do to protect yourself and your family against the unforeseen? Mortgage protection is one shield that’s well worth considering.

Mortgage protection insurance works in a number of ways. For accident, illness or disability, it can cover the total amount or a portion of your mortgage repayments for a set period of time.


Some providers will cover to up to 30 months in repayments.

Some policies will also cover you in the event of death – where the outstanding balance of the mortgage will be paid in full. For many mortgage holders this can provide peace of mind knowing that loved ones will not be evicted should disaster strike.

So how can you arrange mortgage protection insurance?

There are a number of ways. The internet is a good source of information about the companies that provide mortgage protection insurance but it can become confusing when trying to compare different policies and services.

If you’d like to explore your options it’s well worth giving me a call. As well as providing advice on mortgages and other financial products, I’m also well placed to assist with your mortgage protection insurance. We can discuss your requirements and find a policy that best suits.

About the author

Phillip Tarrant

Phillip Tarrant

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for... Read more

Protect your family home against unforseen misfortune
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