Home Loan Protection Insurance Plan
A home loan protection plan in Canada is a default in any insurance premium payment. If you suffer from any unfortunate accident, sickness, or disability, leaving you unable to work, this plan protects your monthly premium. Additionally, this plan safeguards your car and home loan premiums, as well as your loans, in a few goals. With over two decades of experience in the insurance business, Harpreet Puri can help you to select the right home loan protection insurance plan and make sure your car loan, personal loan, or any other loan premium is taken care of with the right insurance policy. For any queries or further assistance, do not hesitate to call at 416 543 9000
Reasons to have a home loan protection plan:
- In the event of your death or inability to work, you can cancel your debt so that you can protect your family from any financial constraints.
- Reduces any financial burden in case of unemployment or inability to work due to disability.
- In the case of a joint loan, both you and your spouse will have the reassurance that if either of you contracts an illness, have an accident, or die, or will make your payments for you.
- The cash benefit value decreases as the outstanding loan decreases.
Key Features of Home Loan Protection Plan:
- Like any other insurance product, homeowners can purchase a home loan protection insurance plan.
- Once the plan is purchased, the coverage will keep you insured throughout your home loan repayment tenure.
- In the case of your unexpected demise, the responsibility will lie on the insurance provider for repaying the outstanding loan amount.
- Can Avoid it purchasing a home loan protection plan. In certain circumstances, if the family members fail to repay the loan, the property is often seized by the lender. All this ensures your dependents don’t end up losing valuable property.
Schedule an appointment with Harpreet Puri Today!
If you are considering taking a home loan or are already repaying one, the best way to ensure that is through a home loan protection plan. It is an insurance plan that covers your loan repayment in the event of your untimely demise. If you are worried about the financial stability of your loved ones and your home, contact Harpreet Puri today and schedule an appointment. With over two decades of experience, I can help you get the right home loan protection plan.