Tag Archives: Caledonian Life

mortgage protection

Many homeowners may be underinsured

Homeowners behind on their mortgage repayments have been warned that their mortgage protection policies will not pay their arrears if they die. Some 100,000 residential mortgage accounts are in arrears, and if the holder passes away their partner or spouse could be liable for tens of thousands of euro. Anyone with a mortgage is expected [...]

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NCA

Savings of almost €6,400 to be made by shopping around for mortgage protection insurance

Homeowners can save €6,392 over the lifetime of their mortgage protection insurance by shopping around, a new study from the National Consumer Agency has shown. Mortgage protection insurance is a life insurance policy designed to pay off your mortgage if you die during the term. It runs for the same length of time as your mortgage. [...]

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mortgage protection

Thousands of homeowners may be under-insured on their mortgage protection

TENS of thousands of homeowners may be under-insured on their mortgage protection, according to today’s Irish Examiner, with 20% of mortgage holders leaving their families open to thousands of euro of legacy debt. Almost 155,000 homeowners are struggling to repay their home loan each month. More than 60,000 householders are already in arrears for three [...]

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