Simplify your mortgage experience for home, construction and remodeling

Are you going to buy, build, or remodel a home? Chances are, you are taking out a mortgage to do so. In addition to borrowing capital to accomplish these real estate goals, potential homeowners often face specific conditions from mortgage lenders. One of the mortgage borrower's conditions may require you to purchase a few insurance policies. These insurances include life insurance, income protection insurance, accident insurance, building construction insurance and home insurance. In this context, the following insurance policies are explained in more detail.

Life insurance

The term life insurance pays an amount upon death that can be used to pay off debts such as a mortgage or loan and offers flexibility in duration, insured amount and coverage including options for lifetime or temporary coverage.

Income Protection

The Income Protection coverage guarantees you an income if you cannot due illness or accident. This insurance is suitable for salaried professionals with an income above the SVB wage limit, self-employed, liberal professionals, directors and statutory directors, where the premium is tax deductible and the amount is partly determined by the insured.

Accident insurance

Accident insurance provides financial coverage for permanent disability, death, temporary disability. Useful for those with increased risk, such as do-it-yourselfers, athletes or those in high-risk occupations.

Building construction insurance

The building construction Insurance, also known as CAR insurance, covers property damage and theft of construction materials during the construction period including involved parties such as clients, contractors and subcontractors with optional coverage for the maintenance period after completion of the work.

Home insurance

Guardian Group's home insurance policy insures your possessions in and around your home against damage from fire, rain, water pipe damage, surge, burglary and more, while contents insurance specifically covers the financial consequences of theft and damage to your possessions.

These conditions can become tedious for the mortgagee, and in some cases, they may not know exactly what to do. To avoid such cases, we recommend one of our package insurance policies. We can put these together so that your application as far as insurance is concerned is easier. Our package insurances are clear and easy, fast and practical, there is one point of contact and you can handle your insurance and claims under one roof.

Would you like to know more about Guardian Group's package insurances? Feel free to contact us.