Mortgage Protection
Help protect your mortgage and your home with clear, no-fee mortgage protection advice.
30+ Years’ Experience
Nationwide Service
Mortgage protection helps protect your biggest financial commitment
For most people, a mortgage is one of the largest financial commitments they will ever take on.
Mortgage protection is designed to help repay your outstanding mortgage if you die during the term of the policy, subject to policy terms and conditions.
It is commonly required by lenders when taking out a mortgage, but the right policy should also reflect your personal circumstances, family needs and wider financial plans.
At Covermore, we explain your options clearly and help you understand what cover may be suitable for your mortgage.
Thank you,
Raphael Ihuoma.
I highly recommend Nigel and Covermore Insurance to anyone looking for reliable coverage and top-tier customer service.
What really stood out was the level of care and dedication he showed nothing was too much trouble, every question was answered promptly, and we always felt completely supported. It’s rare to come across someone so knowledgeable and genuinely committed to getting the best result for their clients.
Thanks to Barry, what could have been a stressful process was handled smoothly and with total confidence. We can’t recommend Covermore highly enough.
We had a fantastic experience with Covermore Financial, and especially with Eric. From start to finish, the mortgage process was smooth and well-handled. Eric’s professionalism, knowledge, and guidance made everything so much easier for us. He truly went above and beyond.
We are delighted with our new home and very grateful for the excellent support we received. Couldn’t recommend Covermore Financial enough!
Emilia was incredibly knowledgeable, patient, and supportive. She took the time to understand my needs and guided me through the mortgage process with clarity and confidence Her professionalism and attention to detail made the entire experience smooth and stress-free.
I wholeheartedly recommend Emilia and the team at Covermore Financial to anyone seeking reliable and expert financial or mortgage services. They go above and beyond for their clients, and I couldn’t be happier with the outcome.
How mortgage protection works
Your cover reduces with your mortgage
Mortgage protection is usually designed to reduce over time as your mortgage balance reduces.
It is linked to your mortgage term
Your policy will normally run for the same length of time as your mortgage.
If you extend, reduce or restructure your mortgage, it may be important to review whether your protection still matches your borrowing.
It can protect one or two people
Mortgage protection can be arranged for an individual borrower or jointly where two people are taking out a mortgage together.
It is different from wider life cover
Mortgage protection is designed specifically around repaying mortgage debt.
No-fee financial advice.
30+ Years of Experience.
Long-term support.
Clear guidance.
What to consider when arranging mortgage protection
Mortgage protection is designed to help repay your mortgage if you die during the term of your loan.
When arranging cover, it is important to consider the size and length of your mortgage, your family circumstances, existing protection and any lender requirements.
The size and term of your mortgage
Your cover should reflect your mortgage amount and how long you will be repaying it.
Your family circumstances
If you have children, a partner or other dependants, clearing the mortgage may only be one part of the protection your family needs.
Your income and employment position
Your mortgage protection policy may not provide support if illness or injury stops you working.
Income protection may also be worth considering where your income is essential to meeting household commitments.
Your existing policies
You may already have life cover or protection through work. We can help you understand what is already in place and whether there are any gaps.
Changes to your mortgage
Switching mortgage, taking a top-up, moving home or extending your mortgage term can all create a reason to review your protection.
How Covermore helps with Mortgage Protection
At Covermore, we believe good advice starts with a proper conversation. We take the time to understand your life, your concerns, your goals and what you already have in place.
Then we help you identify what may need attention now, what can wait, and what your next smart financial decision should be.
Financial planning should not feel intimidating.
Understand your mortgage position
We start by looking at your mortgage amount, term, repayment structure and household circumstances.
Explain your options clearly
We explain how mortgage protection works, what it is designed to cover and how it differs from other types of protection.
Help you consider wider protection needs
We help you consider whether mortgage protection should sit alongside life cover, income protection or family protection.
Review existing policies
If you already have mortgage protection, we can help you understand whether it still matches your mortgage and current circumstances.
We have partnered up with Ireland’s leading Life Insurance providers & Mortgage lenders
Advice based on your situation
Mortgage protection should reflect your mortgage, family circumstances, income and wider financial needs.
We take the time to understand your situation, explain the options clearly and help you arrange suitable cover for your home and family.
I am buying my first home
We can help you understand the mortgage protection requirement and how it fits into your wider financial plan.
I am buying with a partner
We help you consider how mortgage protection may work for two borrowers and what wider protection may be relevant for your household.
I am switching mortgage
A mortgage switch can be a good time to review whether your mortgage protection still matches your mortgage balance and term.
I am taking a mortgage top-up
If you are increasing your borrowing, it may be important to review whether your existing cover remains suitable.
I have children or dependants
We can help you consider whether clearing the mortgage alone would provide enough financial security for your family.
I already have mortgage protection
We can help you review your policy and understand whether it still reflects your mortgage and life today.
What to prepare before speaking to an advisor
It can be useful to have a general understanding of:
Your current or proposed mortgage amount
Your mortgage term and repayment type
Whether you are applying alone or with another borrower
Your partner, children or other dependants
Existing life cover, mortgage protection or employer benefits
Your income, work and household commitments
Do not worry if you do not have every detail ready. We can help you understand what information may be needed.
Not sure what financial step to take next?
Do Covermore charge a fee for mortgage protection consultations?
Covermore provides no-fee mortgage protection consultations. We will explain clearly how the process works before you make any decision.
Is mortgage protection required for a mortgage?
Mortgage protection is commonly required by lenders when taking out a mortgage, although some exemptions can apply depending on your circumstances and lender requirements.
What does mortgage protection cover?
Mortgage protection is generally designed to repay the outstanding mortgage balance if a covered person dies during the policy term, subject to policy terms and conditions.
Is mortgage protection the same as life insurance?
No. Mortgage protection is designed specifically to help repay mortgage debt. Life insurance can provide a lump sum that may help support your family, debts and wider financial needs.
Can I keep my existing mortgage protection if I switch mortgage?
It may be possible in some circumstances, but it is important to review whether your existing policy still matches your new mortgage balance, lender requirements and term.
Do I need income protection as well as mortgage protection?
Mortgage protection and income protection serve different purposes. Mortgage protection is generally designed to repay mortgage debt on death, while income protection may help replace part of your income if illness or injury prevents you from working, subject to policy terms and conditions.