What insurance should you consider when buying a home?

Purchasing a property is a serious commitment, and in all the excitement it’s often easy to overlook the risks and forget about protecting your house, contents, and yourself in case something unexpected occurs.

Insurance is something worth thinking about when buying a home. There are different types of insurance, some of which are listed below:

Home insurance

Home insurance covers the cost of repairing or replacing your house in the event that it is damaged or destroyed.

Contents insurance

Contents insurance covers your personal belongings in and around the house, in the event that they are damaged, lost or stolen. This may include items such as furniture, clothes and appliances.

Life and trauma insurance

Life and trauma insurance is cover designed to protect you and your lifestyle. In the event of serious illness, injury or worse, life and trauma insurance can provide you with the funds you need to pay for things like your living expenses, medical costs, and mortgage repayments.

There is a range of different insurers and policies out there, as well as various discounts, benefits and bundle options to consider. It’s important that you choose the option that is right for you.

To learn more about potential insurance solutions or who to speak to for more information, contact your local MoneyQuest mortgage broker.

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