PROTECTION SOLUTIONS
INSURANCE & WILLS
Secure your future and protect your loved ones with comprehensive wills and insurance solutions. Securing your financial future and protecting your assets are key aspects of responsible property ownership.
At DEBT2BOND, we prioritize your peace of mind by offering services that support these goals. Take the necessary steps today to secure your property and assets while planning for the future.
IMPORTANT CONSIDERATIONS
INSURANCE
Owning a property comes with financial responsibilities. Life Insurance ensures your family can maintain ownership of the property in unforeseen circumstances, while Homeowners Insurance protects the structure and immovables. The bank will provide a Homeowners Insurance quotation, but you can opt to use your own insurance, provided the bank's interest is noted. We work with experienced brokers to tailor Life Insurance solutions, safeguarding your property and providing long-term security for your loved ones.
LAST WILL & TESTAMENT
A well-drafted Will is essential for managing your assets, including your property. It ensures that your estate is distributed according to your wishes and minimizes potential disputes. Through our partnership with CAPITAL LEGACY, professional guidance is offered in creating and maintaining By having a valid Will in place, you provide clarity and security, ensuring your assets are passed on smoothly and without unnecessary delays or legal complications providing secure peace of mind for both you and your family .
INSURANCE
HOME OWNERS COVER (HOC):
This mandatory insurance, required by banks for all home loans and, ensures the protection of your property’s physical structure and its immovable components.
- What It Covers: HOC includes coverage for the replacement or repair costs of the structure, geyser, and immovable features of the property.
- Replacement Value: The insurance policy must align with the property's replacement value, calculated as a percentage of the estimated cost to rebuild the entire house.
- Policy Options: While banks provide a policy tailored to the replacement value, clients have the option to use their own insurance cover. However, the bank's 'interest must be noted' on the policy, and it must meet the bank’s approval.
By maintaining an adequate HOC policy, you protect your property and meet the bank’s requirements, giving you financial security and peace of mind.
LIFE INSURANCE
While not always conditioned by the banks to include, life insurance is a critical consideration for all home loan applicants, especially those in joint applications.
- Why It’s Important: In the event of your passing, life insurance ensures that your family has the financial means to cover the outstanding bond payments, preventing the risk of losing their home.
- A Lifeline for Loved Ones: A well-structured life insurance policy provides the necessary financial support to keep the home secure, offering stability and comfort during challenging times.
- Tailored Solutions: Whether your bank requires life cover or not, it’s wise to consider life insurance as part of your financial planning.
- At DEBT2BOND, we work with trusted financial brokers, to provide Life Insurance options tailored to your needs.
LAST WILL AND TESTAMENT
PARTNERED ASSURANCE
A Last Will and Testament is an essential document to ensure your assets, including your property, are distributed according to your wishes upon your passing.
- Why It’s Important: Without a valid will, your estate may be distributed according to the laws of intestate succession, which may not align with your preferences. This could lead to disputes or delays for your loved ones in accessing the property or assets you intended for them.
- Tailored Planning: A will allows you to name beneficiaries, appoint an executor to manage your estate, and ensure that your property and assets are passed on seamlessly to your heirs.
- Expert Assistance: Through our partnership with Capital Legacy, we can help you draft a legally sound and comprehensive will, ensuring that your property and other assets are protected and distributed as you desire.
Creating a will safeguards your estate, minimizes family disputes, and provides peace of mind knowing your legacy is secure. Don’t leave the future of your assets to chance—let us assist you in preparing for tomorrow, today
CONTACT US
GET IN TOUCH
If you’d like more details about a product or service, explore options suited to your financial needs, or share your experience with us, feel free to reach out, we would love to hear from you.
