A mortgage is probably the largest financial commitment you'll ever make, so make sure you have enough financial protection to cover it. The unexpected has a nasty habit of happening to all sorts of people all the time.

We will be happy to assist you in all your mortgage protection needs. However, you do not have to arrange any insurance through epicam.

There are five types of insurance you need to consider when taking out a mortgage:

Buildings insurance. This is the only compulsory insurance as the lender will not release the advance until the property is sufficiently insured.

Contents insurance. This is usually combined with buildings insurance and will cover your personal items up to a specified amount.

Life insurance. Should you or your partner die, this will pay out a lump sum sufficient to repay the mortgage in full.

Critical illness insurance. Should you or your partner be diagnosed with a critical illness such as stroke, heart attack or cancer you will receive a lump sum sufficient to repay the mortgage in full. It covers up to 30 specified illnesses depending on which provider you choose.

Mortgage payment protection insurance. This will pay out a monthly sum to cover your mortgage payment should you suffer from an accident, sickness or redundancy. It pays out after a specified time and up to a maximum of 12 or 24 months depending on which provider you choose.