INSURANCE IRELAND

Insurance provides protection against future potential loses offering peace of mind to individuals.

It includes paying regular premiums to an insurance company which in turn promises to cover certain costs in case of specified events such as accidents, health issues, or property damage.,

In Ireland, a range of insurance products are available including health, car, home and life insurance. These are tailored to the needs of applicants and are all regulated by the Central bank of Ireland.

Insurance for your Home

In Ireland, property insurance is designed to protect home owners from financial losses related to their property . This can include physical structures such as homes, buildings and their contents against risks such as fire, theft, vandalism and certain natural disasters

Insurance Required to purchase a home?

1. Property Insurance as above
2. Mortgage protection / life insurance . In Ireland with any mortgage the bank will require a policy that will clear the mortgage in the event of a death . Mortgage protection will clear the approximate remaining balance of the mortgage . Life Insurance will clear the mortgage and the balance left on the policy will go back to the estate.

Insurance Products Available with JC Mortgages

1. Mortgage protection:

   The basic requirement of any mortgage. It is a life protection policy that will clear the mortgage in the event of a death. More on mortgage protection insurance

2. Life Insurance:

   This is life cover , that provide a defined amount of life protection that will be paid in the event of death to the estate within a certain time period . ie the length of the policy . it can be used to clear a mortgage or for family cover . If budget allows and if there is a need Mortgage protection and Life Insurance can be the most suitable cover to have. More on life insurance

3. Serious illness cover:

   This is a cover that pays you a tax free lump sum if you are diagnosed with of the specific illness or disabilities that you policy covers. Sometimes called critical illness cover. . Important to know that it would not replace your income it is a once off payment. We will advise on the illness that policy would cover but would normally include – stroke -heart attack, some types of cancer. MS, Kidney failure, Motor Neuron Disease Major Organ transplantation .

4. Income Protection:

   This pays out a regular cash payment that replaces part of your lost income if you cant work due to a medium or long term illness or injury or disability . The criteria for getting this is high and will depend on your person health and occupation . Many insurers have list of occupations that are excluded. More on income protection insurance

5. Bill Cover:

   This is alternative to income protection and is designed to ensure that the main bills ie rent/mortgage and household bills are covered in the event of that an individual cant work due to illness or injury. Bill cover provided up to 40 % of individual income to a maximum of of 2000 for single cover and 4000 for cover including a partner.