How much cover do I need?
For new mortgages, you need to cover the amount you are borrowing over the term of your mortgage, i.e. if you are borrowing €320,000 over 25 years; then you will need cover for €320,000 over 25 years.
For an existing mortgage, you will need to ensure that you have covered the current outstanding balance on your mortgage for the remaining term of your mortgage. You can get this information from your mortgage provider. They will send you a statement every 12 or 6 months outlining the remaining balance on your mortgage. If you do not have this, just contact your mortgage provider and they will advise the amount outstanding and the remaining term.