Mortgage and Rent Insurance will give you regular monthly payments if you’re unable to work due to illness or injury. And your payments won’t be affected by any ACC support you receive.
There are several ways Mortgage & Rent Insurance can be used:
- Residential property – can cover up to 110% of your mortgage repayments, this allows a little extra to help with rates, insurance or maintenance
- Investment property – can help you cover mortgage payments on your investment properties
- Your rent – can help you cover your rent payments