Mortgage Protection

We have access to more than 20 insurers

Freedom of choice to find the most suitable cover today.

Give us 10 minutes of your time, when it suits you, to talk to one of our brokers and get your best mortgage protection insurance quote.

Schedule a callback Request a quote

Mortgage Protection

We have access to more than 20 insurers

Freedom of choice to find the most suitable cover today.

Give us 10 minutes of your time, when it suits you, to talk to one of our brokers and get your best mortgage protection insurance quote.

Schedule a callback Request a quote

Mortgage Protection

Mortgage Protection is designed to pay off your mortgage in the event you die before the mortgage term is finished. If you share a mortgage with someone else, ideally you will put a joint life Mortgage Protection policy in place.

Mortgage Protection is taken for the period of your mortgage. If you take a mortgage for 30 years, your Mortgage Protection policy will be put in place for the same period.

In Ireland, the banks stipulate mortgage holders must have Mortgage Protection on their residential home. Some lenders will not approve a mortgage until Mortgage Protection is in place.

Without Mortgage Protection, your family or beneficiaries will be responsible for paying back your mortgage. That’s why the cover Mortgage Protection provides is so important.

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How does mortgage protection work?

There are three different types of Mortgage Protection. Your Sheridan Insurances broker will discuss which one is right for your situation.

  1. Reducing Term Cover: the most common form of Mortgage Protection. The amount the policy is designed to cover reduces in line with the balance outstanding on your mortgage. The premiums however remain the same for the life of your mortgage. Normally, the premium ceases when you pay off your mortgage.
  2. Level Term policy: the amount of life cover on this policy, along with the premium, remains the same as the day you started the policy. If you die before the mortgage is paid off, your insurer will settle the outstanding balance on your mortgage with the remainder going to your estate.
  3. Life Insurance policy: if you have an existing life insurance policy with the required amount of cover you can use this as your mortgage providing it is not already being used to cover another loan. If you die within the term of the policy , the insurer will pay off the mortgage with the balance going to your estate.

It is important to know that you aren’t locked in to Mortgage Protection with your actual lender, either. You have the freedom of choice to arrange Mortgage Protection from a number of different providers and brokers. In fact, if your policy is not with your lender, it can make it easier to switch your mortgage in the future if the need arises.

Request a quote

Speed up your quotation by filling in our online mortgage protection questionnaire. Then request a call back and we’ll have prepared everything you need to know to choose the right coverage for your needs.

Online mortgage protection questionnaire

Meet the team

Benny Sheridan

Director

Audrey Jameson

Insurance Broker

Brian Flanagan

Insurance Broker

Your benefits…

Mortgage protection from Sheridan Insurances comes with a variety of benefits such as:

Our experienced and dedicated brokers who will research the market on your behalf
Freedom of choice to find the most suitable cover
Our in-depth understanding of policy terms to help you navigate the small print
Access to multiple different insurers
Reliable, trusted cover

Mortgage Protection FAQs

We want to make sure you know exactly what mortgage protection insurance from Sheridan Insurances protects you for.
Take a look at our FAQs or talk to one of our brokers.

Top Tip: Mortgage Protection only covers your mortgage

Mortgage Protection is designed to pay off your mortgage in the event you or another policy holder dies. It won’t cover your mortgage repayments if you fall ill, suffer an injury that means you can’t work, or are made redundant. Talk to your Sheridan Insurances broker about other options for cover such as Income Protection and Serious Illness Cover.

What if I pay my mortgage off early?

If you pay off your mortgage early, you can finish paying your Mortgage Protection premium. However, if your cover is a Life Insurance or Level Term cover, you might choose to continue paying the premium for the peace-of-mind the cover provides.

What if I decide to switch my mortgage provider?

If you are planning to switch your mortgage lender, speak to your Sheridan Insurances broker to arrange your mortgage protection to be assigned to the new lender. Unless you are changing the amount you borrow or the duration of your mortgage, the premium and level of cover of your Mortgage Protection will stay the same.

If you do change the amount or length of your mortgage, you must make sure that the amount of Mortgage Protection you have in place corresponds with the new amount and mortgage term.

Visit Our mortgage protection insurance knowledgebase

How to talk to us…

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What our customers say...

Dermot B.
Dermot B.
1685004982
We have worked with the Team at Sheridan Insurances for the past number of years on our Groups employees Health Insurance Scheme.Noeleen & her colleagues have provided a brilliant service giving clear and concise advice on a timely basis both to the company and on any employee queries that have arisen.
Mary S.
Mary S.
1684961878
Stephen helped me out with my first car insurance policy. He was great, made the process very easy, got me a good deal and was super friendly!
Margaret McKeon B.
Margaret McKeon B.
1684852249
Fabulous service from Siobhan and the team in Sheridan Insurances. I am a client for a number of years and the services is always the same - perfect. A customer focused team.
Jean A.
Jean A.
1681485547
Excellent support, guidance and advice from the QFA, Audrey Jameson
Helen C.
Helen C.
1676397557
Thank you, Miriam, at Sheridan Insurance.  Being able to discuss my home insurance needs as an Holistic Therapist was so stress free and easy with you. Your attention to detail and professional way made the whole process so smooth.  Thank you for the human touch also, in taking the time to walk me through my policy.   Highly recommending your services and supporting your local business in Navan. Co Meath. Thank you, Miriam Sheridan and Sheridan Insurance. Helen Colgan
Richard L.
Richard L.
1675978984
Lifesavers – With 110% professionalism at all times, we were provided with much needed support and guidance under difficult circumstances, with a very tight deadline. Without the team in Sheridan Insurance’s diligence and effort, going the extra mile on more than one occasion, we can honestly say we wouldn’t have the secure future we can now look forward to. We would recommend Sheridan Insuances to anyone looking for any type of insurance. Hands down the best decision you'll make! Thank you Audrey, Brian and Niall. Richard & Maria Leonard
Fergal S.
Fergal S.
1666552611
An absolute pleasure to deal with, there is great communicators in Sheridan insurance, Brian Flanagan is an absolute gentleman. Will definitely be in contact with Sheridan insurance in the near future.
Pauline B.
Pauline B.
1654720862
Highly recommend this insurance company they have gone above and beyond to help me get my business insurance and at a great price.The staff couldn't have been any more helpful to me.Give them a call you wont be disappointed
Andrew S.
Andrew S.
1652453394
I used Sheridan Insurances in Cavan today and the service was absolutely first class. They were helpful, knowledgeable, professional and polite. I can highly recommend Sheridan Insurances.
Mary R.
Mary R.
1642105907
Well mannered and attended toWith ease and business done ..quickly
Eugene T.
Eugene T.
1536342515
Great gang in sheridans insurance very easy to deal with.. especially Tommy Brady top man when you need one..
Pip A.
Pip A.
1506949475
My name is Philip Sheridan Sides.I was buying a van on done deal when I saw the advert for Sheridan insurance. The playright Richard Brinsley Sheridan was one of my ancestors and that is where the Sheridan in my full name as we had the same name. \I rang the office for a quote and was put through to broker Kelly Crowe. My first premium was high as I had been with Dolman Insurance who specialise in Camper vans and my no claims on the camper van was not able to transfer. This is something I believe the insurance industry should change as it is unfair on camper van drivers who like myself at the tie use the vehicle as their only method of transport.This was seven years ago. I am a very busy free lance photographer, musician and I run an NGO called Whistles for Refugees.The NGO collects unwanted tents and sleeping bags at festivals, thus saving them from landfill thus turning this landfill into aid for the most vulnerable people on this planet fleeing the horrors of ISIS. Whistles for Refugees also brings whistles out to refugee camps, music is healing and the Irish tin whistle gives the opportunity for the refugees to learn and play Irish music with an instrument that is light portable, inexpensive to buy and relatively easy to learn.Sheridan Insurance are currently researching for an underwriter to provide public liability insurance for our NGO so that our volunteers are covered should they get pricked by a needle while cleaning out tents at festivals or any other risk involved in our work.Broker Kelly Crowe has been amazing at her job. From the very beginning Kelly was able to organise a quote, with my line of work and my bad luck with vehicles I am often having to rent replacement cars to make sure I get to my commissions safely and punctually. I am never 5 mins from getting my insurance transferred to keep my rental costs lower. I needed a copy of my no claims bonus to get insured on my partners camper van and this was emailed to me within 5 mins of my request, even though this was with a different firm!I also run a tour business bringing clients on adventures with sea kayaking and photography. Once again my broker was able to produce a policy that was affordable and organised with minimal fuss in minimal time.For quality, price and especially (what I believe is the most important in business) service, Sheridan insurance is second to none.I could not recommend Sheridan Insurance and my broker Kelly Crowe enough.
JP M.
JP M.
1495832320
We all hate shopping for insurance but the brokers at Sheridans do all the legwork for you and find the best deal and the cover you actually need - plus they are easy to deal with. You get assigned a broker and you can actually speak to a real human being. Great idea.
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