Once upon a time, you’d struggle to get your mortgage protection quickly.
It could have taken around 5 working days
I know, 5 days is hardly ages
But it is when you’re just about to close on a house purchase…
…and you’ve forgotten to put your mortgage protection policy in place until the last minute…
…and the seller’s solicitor is putting pressure on you…
Then every hour delay seems like FOREVER.
Yes, the life insurance companies have really upped their games in relation to issuing mortgage protection quickly.
Because we bollock them incessantly until they do!
Some insurers can issue your policy the same day they receive your application form.
(We can print the policy documents here in our office to speeds things up even more).
That’s good news if you need your mortgage protection quickly, urgently, ASAP!
Just remember to tell us up front that you need your policy, like yesterday.
We’ll make sure you get it.
At best, less than 24 hours.
If there are minor health issues, you may need to complete a questionnaire.
If there are more serious health issues and a doctor’s report is needed, you can add at least a week to this – depending on the efficiency of your GP.
Some GPs are on the ball, some are useless.
I make no apologies for saying that.
Some are absolutely dreadful when it comes to completing medical reports.
Hopefully you’ve got a good ‘un.
Issues such as these will delay your life insurance:
Although you feel they are nothing to worry about, you have to disclose them on your application form.
This usually happens around 3 days before you’re due to close on your mortgage.
Your bank, who up to now has said there will be no problem with your mortgage protection, suddenly informs you that a medical report will be required.
Your GP is a disaster at sending stuff back, requires prepayment before she’ll do anything or even worse is on holidays for 3 weeks
Your GP sends back your report but the information is not up to date. The insurer sends it back and we wait a few more weeks for it to be returned.
This really happens.
You may roll your eyes and think I’m just exaggerating.
I have witnessed first-time buyers lose their dream home due to a delay with their mortgage protection – heartbreaking stuff.
If you need mortgage protection quickly, you have no time to spare.
Stop reading and call me now on
Pretty please, with sugar on top.
Then breathe easy.
If you need expedited mortgage protection cover, I’ll sort it out for you.
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As Ireland's leading independent insurance broker, we specialise in comparing the rates and policies from the top five Irish life insurance providers and offering the very best value quotes to suit the individual needs of our clients. Our expertise lies in finding a suitable insurance plan for those with specific needs, be it a particular illness, occupation or claim history, we've got you covered in every sense!