Mortgage Secure covers your loan payments if you become involuntarily unemployed or if you must take sick leave due to sudden and unexpected accident or injury.
The insurance goes into effect 60 days after you become unemployed or begin your sick leave. Compensation is a maximum of SEK 15,000 per month and is paid for a maximum of one year. If you become unemployed during the first six months of coverage, no compensation will be paid. The mortgage insurance applies until you reach the age of 65 if you do not redeem your loan before then.
Mortgage Secure does not cover an inability to work that is due to:
In addition, the mortgage insurance does not cover unemployment that is due to:
The premium for mortgage insurance is dependent on age and loan payment. Contact us for price information.
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