Insuring your partners income and life when getting a bond is a must have. Losing a family member is traumatic, and if that family member is a bread winner then the death is only the start of your financial woes. A bank will be the owner of the house until you have repaid your bond, and if your family defaults on your mortgage repayments the bank will be forced to repossess your house and sell it – often at a value less than the house is worth, leaving your dependants to find new accommodation.
Transcape Assurance is committed to helping our clients, and we will be able to beat your bond insurance cover offered by your bank.
