Hello
I am hopefully buying a house with my wife - for now the mortgage will be only in my name as my wife as the Covid Subsidy on her payslip and should level 5 now come staying at home again).
I look now for a mortgage policy which covers both of us
Can someone shortly explain what the difference is between Joint Mortgage Protection / Dual Mortgage protection?
In case of death of one partner the Joint mortgage protection insurance terminates after payout ? With the dual mortgage protection the other party remains insured?
Second Question on Home insurance:
How much cover will I need?
For the building itself it's the value the house + what is put into it after renovation - for the content I make an estimate and also include e.g. the value of a new kitchen in it?
I am hopefully buying a house with my wife - for now the mortgage will be only in my name as my wife as the Covid Subsidy on her payslip and should level 5 now come staying at home again).
I look now for a mortgage policy which covers both of us
Can someone shortly explain what the difference is between Joint Mortgage Protection / Dual Mortgage protection?
In case of death of one partner the Joint mortgage protection insurance terminates after payout ? With the dual mortgage protection the other party remains insured?
Second Question on Home insurance:
How much cover will I need?
For the building itself it's the value the house + what is put into it after renovation - for the content I make an estimate and also include e.g. the value of a new kitchen in it?