If you are thinking about buying a boat and you need marine finance, you should seriously consider taking out a loan protection policy as well.
What is loan protection?
Loan protection insurance is designed to help you by providing financial support if you reached a point where you could not meet your loan repayments. Whether the need is due to disability or unemployment, this insurance can help cover monthly loan payments and protect the insured from default.
Loan protection can also provide cover in the unlikely event of your death when your loan payments would be passed on to your family.