Superhero Insurance Says Buying a House Without Income Protection Insurance Could Be a Costly Mistake

Sydney, Australia -- (ReleaseWire) -- 01/28/2015 -- A leading insurance company in Australia, who helps consumers save money on their insurance needs, are concerned first-time buyers are not been given the financial advice they need to safeguard their financial future. Superhero Insurance, who with their insurance comparison tool has helped consumers save money, has warned 20% of defaulted mortgages in Australia are caused by the loss of income. Through Income Protection Insurance, this figure could be reduced, according to a spokesman for Superhero Insurance.