Insurance

Quickstart Guide - How to get the best value mortgage protection

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Image Caoimhe Bermingham
Staff Writer

At bonkers.ie we want to help you find affordable mortgage protection cover. To help you do this, we created a series of articles to walk you through the mortgage protection application and comparison process.

Welcome to the first guide in our five-part mortgage protection insurance series, which aims to help you find the best value cover for your needs. 

In this piece, you will find a brief outline of the different guides in the series and what they focus on. The links to these guides can be found throughout the text. 

If you’re hoping to get your foot on the property ladder, you will need to get a mortgage protection policy to obtain a mortgage

This series aims to help you do this, from telling you all you need to know about how to apply for mortgage protection insurance, to the different things you should consider when purchasing it, we’ve got you covered. 

How to compare and apply for mortgage protection insurance on bonkers.ie

This step-by-step guide aims to remove any confusion surrounding the comparison and application process for mortgage protection insurance

In this article, you will gain an insight into how to use the comparison tool, the different questions you will be asked, and how to understand and review your results.

You will also get advice on what you should do after selecting your future policy. 

Cancelling your mortgage protection insurance and the cooling-off period

The third guide in the series focuses on the cancellation process and the cooling-off period for mortgage protection cover. 

Although this type of life insurance is a legal requirement for mortgage holders, you are free to cancel it when you see fit. 

For example, if you were to pay off your mortgage early or if the terms of your mortgage policy have changed, you may want or need to cancel your mortgage protection policy. 

To discover the other reasons why people choose to cancel their policy and to learn about how to do this, take a look at this guide.  

Mortgage protection insurance FAQs

In this guide, you will find the answers to the most common mortgage protection questions asked by consumers. 

You can learn about how much this policy costs per month and what factors can affect the cost of your premium. 

Apart from the expense aspect of having this type of cover, this guide also sheds light on what you should do if you are planning on selling your house, have gotten divorced or if you want to switch to a new mortgage protection policy.

6 things to consider when taking out mortgage protection

To ensure you are getting the right policy to suit your needs, read our final guide, on the most important things to keep in mind when selecting your mortgage protection policy. 

For instance, did you know you don’t have to buy your mortgage protection with your mortgage lender? If you didn’t, then you may not have considered the different options available to you when choosing your insurer. 

As well as this, the article explores the different types of cover on the market, whether you can add guaranteed insurability to your policy, and when the best time to apply for cover is. 

Get the best value mortgage protection 

On bonkers.ie you can compare the different policies and rates available from Ireland’s leading insurers with the help of our free comparison tool

You can also visit our mortgage centre and use our mortgage broker service to submit an enquiry about obtaining a mortgage. 

As well as mortgage-related policies, bonkers.ie offers a range of comparison tools across energy, broadband, banking, and other insurance products to help you find affordable policies and plans. 

So if you want to lower the cost of your household expenses, check out the free services on our site.

Check out our other Quickstart Guides

Get to grips with the different types of insurance you can apply for on bonkers.ie.

Keep up to date with our mortgage protection-related news by reading our blog and guide pages. 

Reach out to our team

Do you have any questions about the mortgage protection comparison and application process? If so, get in touch with us, we are always happy to help!

You can send us a message on Facebook, Twitter, or Instagram.

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