Mortgage Protection Insurance


Buying a home is a big responsibility. And it’s commitment that affects not only you, but also your family. The last thing you'll want to see is your home slip out of your hands, if for some reason you can’t meet your repayments.

Keep your home in your hands

What would happen if you were unable to work for a period of time or worse still, were no longer around? Would you have the resources to keep paying off your home loan, and safeguard your family’s future?

If you have a mortgage, it’s a good idea to have mortgage protection to protect yourself against all eventualities. Sovereign offers a number of ways to ensure your home stays in your hands.

Mortgage and income protection insurance

Mortgage and Income Protection insurance can help cover your monthly mortgage instalments or other expenses if your earning capacity is seriously affected by illness, disability or redundancy.

Redundancy Cover benefit is an optional benefit available when you choose Mortgage and Income Protection insurance. It provides cover for monthly mortgage repayments for up to six months if you are made redundant. 

You can also obtain protection for your mortgage through other forms of insurance, such as life cover, critical illness cover (Living Assurance) and income protection:

Disclaimer: The information contained on this site is of a general nature and is intended as a guide only, outlining some of the features and benefits provided by Sovereign's Go Home Loans. All home loans are subject to our home loan lending criteria. Early repayment adjustments may apply.  For loans with less than 20% equity a Low Equity Margin may apply. The lender is ASB Bank Limited via its nominee Mortgage Holding Trust Company Limited. The transactional account for Sovereign’s Go Home Loans is provided by ASB Bank Limited.

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.​