Is it possible to get insurance to cover my mortgage payments in the event of an accident, sickness or unemployment?
It is possible to get an insurance policy to cover you in the event that you are unable to make your mortgage repayments due to accident, sickness or unemployment (this can include redundancy). This type of policy is not something you will get through your bank when taking your mortgage, instead you will need to speak to an insurance advisor to arrange this type of policy. We are able to put you in contact with insurance advisors if this is something you are interested in.
Please note that this type of insurance is separate to the life insurance you are required to have in order to get a mortgage in the UAE.
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