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Glossary

Double Insurance

This is an Income replacement policy where protection is provided for both the first and the second wage earner, hence it is "double" or two-person cover. Cover may also be available for self-employed borrowers.

The details of income replacement policies vary from insurer to insurer and from policy to policy.

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Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed if You Do Not Keep Up Repayments On A Mortgage Or Other Debt Secured On It.