The 3 Types of Protection Every Homeowner Should Know About

Home protection isn’t one-size-fits-all. Discover the 3 key types of cover every homeowner should consider to stay secure.

Buying a home is one of the biggest financial commitments you’ll ever make. But what happens if life throws you a curveball and your income suddenly stops? This is where protection steps in.

While there are lots of options on the market, there are three key types of cover every homeowner should know about. These provide peace of mind that no matter what happens, your home and your family remain secure.

1. Life insurance

Life insurance pays out a lump sum if you pass away during the policy term. It ensures your family can pay off the mortgage and remain in the home without financial worry.

2. Critical illness cover

This cover pays out if you’re diagnosed with a serious illness listed in the policy. It can help clear the mortgage or cover medical and living costs while you recover.

3. Income protection

If you’re unable to work due to illness or injury, income protection provides a regular monthly income. It keeps the bills and mortgage paid, giving you stability while you get back on your feet.

Why these three matter

Each product works differently, but together they cover the most common risks homeowners face. The right mix depends on your circumstances, but ignoring them altogether can leave you vulnerable.

The Bottom Line

Protection isn’t just about ticking a box — it’s about safeguarding everything you’ve worked for. These three types of cover give you and your family security when you need it most.

Your home may be repossessed if you do not keep up repayments on your mortgage or other loan secured against it.

• Do I need all three types of protection?

  Not always. It depends on your circumstances, but many homeowners combine them for fuller cover.

• What’s the difference between critical illness cover and income protection?

  Critical illness pays a lump sum on diagnosis of a serious illness, while income protection provides monthly payments if you can’t work.

• Is protection expensive?

  Costs vary based on age, health, and cover level. A broker can help find a policy that fits your budget.