Skip to content

Is bond insurance compulsory when buying a house?

No, it is not. Bond insurance is voluntary, however, in some instances the bank would require the bond insurance to be compulsory, along with the mandatory building insurance. However, bond insurance gives you peace of mind that you and your loved ones are covered should an unforeseen circumstance arise. ooba’s Bond Protector gives you and your family peace of mind that future repayments can be met during times of unforeseen financial difficulty.

ooba’s Bond Protector policy covers the outstanding bond amount in the event of death, disability (permanent and temporary), loss of income or dread disease, whereby either full outstanding or monthly bond repayments will be made, depending on the type of claim.

Get a quote.

Get a free home loan comparison

Multiple quotes from the big banks to compare.

Apply

Ranked #1 in Financial Services on Hellopeter

hello-peter
image-stars

Average rating of 4.82 from over 3 000 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M