Protection & General Insurance

Protecting the Mortgage

Buying a home is the largest purchase you will ever make, and yet some people do not worry about protecting the mortgage against loss of income, major illness, or death. It is odd that your car is always insured, your buildings and contents are always insured, but your ability to earn over a million pounds during your working life is not. Why struggle to buy a nice home, only to see it sold should you be unable to work for a while through no fault of yours?

Your family rely on you to provide for them, but what if you were not around, what would happen then? Making sure that the mortgage is cleared should you die suddenly is important, as is making sure that they can continue to enjoy the property for as long as they wish after you are gone.

It is a fact that we are far more likely to suffer a critical illness than die before we retire, yet few people protect themselves against this risk. The cost is probably a factor, but taking some CI cover is better than none.

All insurance is good, but it must relate to what you can afford. Discuss your circumstances with us, and we will work out the best cover from across the market to build a sensible amount of protection to fit within your budget.

Protecting the Property

The minimum insurance cover for the property is buildings only. Any lender insists that the property is covered on an index linked basis so that if a disaster occurs the home can be returned to its former condition on which they lent the funds. Beyond this, you will probably want to insure the contents against fire and theft, and possibly accidental damage. And what about valuables, do you have specific items that should be covered? Does your policy need to have new for old cover, or cover for goods away from home, or should cash be covered? The matter needs careful consideration, and an in depth discussion with the broker to establish the correct type of policy before we can research the market.