Home Insurance to cover your bond is one of those things in life, that you pay for ever month, and sometimes you think that it is a waste of time, effort and money.
Since the inception of the National Credit Act on June 1st 2007, individuals have been permitted to shop around for better quotes on their bond insurance, and not been forced to take out insurance with the bank’s insurers.
The problem with bank insurance is that it's expensive, but people get pressurised into using it and land up not going with a reliable home insurance broker.
Should the owner of the home become ill or incapacitated for any reason, the insurance will kick in, and the bond will be covered until the owner recovers. Leaving behind a family when you die is really hard on your loved ones left behind to deal with all the red tape that is so often the case when there is an estate to wind up.
STOP GIVING THE BANKS MONEY THEY ALREADY HAVE :)
The clever thing to do, is to ensure that you shop around for the best possible deal that is available for your house or home bond insurance , saving you thousands.
Save time, save money and get 9 FREE independent insurance quotes today.