Unexpected life changes can happen at any time and without the right cover, your home and financial wellbeing could be at risk. A mortgage is one of the biggest financial commitments you’ll ever make and protecting it should be a top priority. Life is unpredictable, and the right insurance can provide vital peace of mind for you and your loved ones. At Zelus Mortgage and Finance, we help ensure that no matter what life throws your way, your home and finances remain secure.
When we say we are with you all the way we mean it.
Life Insurance
Life insurance ensures that if you pass away during the mortgage term, a lump sum is paid out to cover the outstanding balance. There are two main types:
Decreasing Term Insurance – The payout reduces over time, in line with a repayment mortgage.
Level Term Insurance – The payout remains fixed and is suitable for interest-only mortgages or additional protection.
How it benefits you:
Protects your family from the financial burden of the mortgage.
Ensures your home can remain with your loved ones.
Provides peace of mind during the full mortgage term.
Critical Illness Cover
This cover pays out a lump sum if you’re diagnosed with a serious, specified illness (e.g. cancer, heart attack, stroke). It’s often added alongside life insurance.
How it benefits you:
Allows you to pay off or reduce your mortgage while focusing on recovery.
Helps maintain financial stability during long-term health challenges.
Can also be used for medical treatment or lifestyle changes.
Income Protection Insurance
Income protection replaces a portion of your income (typically 50–70%) if you’re unable to work due to illness or injury. Payments are made monthly until you return to work or the policy ends.
How it benefits you:
Keeps your mortgage and essential bills covered during long-term absence.
Flexible terms based on your employment, income, and waiting periods.
Reduces financial stress and allows you to focus on recovery.
MPPI
Mortgage Payment Protection Insurance (MPPI) is a short-term insurance that covers your monthly mortgage payments if you lose your job (involuntarily) or can’t work due to accident or illness. Typically, it pays out for up to 12–24 months.
How it benefits you:
Provides short-term financial support during unexpected events.
Offers peace of mind during job uncertainty or illness.
Can help avoid missed payments, arrears, or repossession.
Building & Contents Insurance
Building insurance covers the physical structure of your property and its permanent fixtures, such as the roof, walls, floors, windows, doors, kitchen units, and bathroom suites.
Mortgage Requirement: Most UK mortgage lenders require building insurance as a condition of the loan, starting from the day you exchange contracts.
Protects the biggest asset: Your home is likely your most valuable asset. Building insurance safeguards you from the cost of major structural repairs or a total rebuild — which can run into the hundreds of thousands of pounds.
Peace of mind: With the right policy, you’ll be covered for unexpected events that could otherwise cause financial devastation.
Contents insurance covers the belongings inside your home, essentially, everything you’d take with you if you moved.
Protects personal belongings: In the event of a fire, flood, or burglary, you’ll be able to replace damaged or stolen items without major financial loss.
Customisable cover: You can tailor the level of cover to match your lifestyle, including high-value items and additional protections.
Optional extras: Add accidental damage or cover for belongings outside the home (e.g., phones, laptops, bikes) for comprehensive protection.