Mortgage Protection Insurance is an insurance policy that is designed to repay the balance of a mortgage, up to the maximum sum assured, in the event the borrower dies before the mortgage is repaid. Customers can receive the maximum sum assured face amount of $2 million Bermuda dollars. Mortgage Protection Insurance is offered in joint and single policies.
Mortgage Protection Insurance provides coverage that decreases as the balance of the loan decreases. This protection will provide peace of mind to your loved ones, by repaying the outstanding balance of your mortgage, in the event of death.
Premiums for Mortgage Protection Insurance are based on age and gender.
This information is intended to be a summary of the policy cover provided to us by BF&M Limited in our capacity as an insurance agent of BF&M Limited. For further details, please contact your Relationship Manager or call +441 296 SAFE (7233).
HSBC Bank Bermuda Limited (the "Bank") is acting solely as an insurance agent of BF&M Limited and its subsidiary companies ("BF&M") pursuant to its insurance agent licence issued by the Bermuda Monetary Authority (and not as an insurance agent for the customer) with respect to this/ese insurance product(s). The Bank is not responsible in any way for the underwriting, administration or claims handling of insurance products, and does not accept any responsibility for such matters. HSBC Insurance is the brand name for insurance products offered by HSBC Group members HSBC Bank Bermuda Limited is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.
All questions, concerns and claims must be submitted directly to BF&M.