BUILDINGS AND CONTENTS INSURANCE
As the name suggests this insurance protects the property against events like fire and flood. All lenders require you to fully insure the property for the total cost of rebuilding it. Contents insurance protects your household goods and personal property.
Few people can afford to financially recover using their own savings following losses from fire, storm, flood or burglary. Having the right insurance in place to protect against these types of losses gives complete peace of mind and financial support at the very time when it’s most needed.
Insurance premiums can often vary from very expensive to very cheap this may be due to the additional options that are included or excluded on your policy. Your Adviser will explain the different options that insurers offer or decline to offer and how these impact on the premium. More importantly what is covered and what is not!
ACCIDENT SICKNESS AND REDUNDANCY (ASU)
Also known as Mortgage Payment Protection Insurance (MPPI) This type of cover helps you keep up your mortgage repayments if you can’t work because of compulsary redundancy accident or ill health. Benefits can cover all three or accident and sickness only and be paid for 12 months although some providers offer 24 months cover.
Your Adviser will explain the options and how they can be tailored to suit your circumstances and affordability.