FAQs

General Insurance

WHAT KIND OF INSURANCE DO I NEED?

There are a variety of different insurance products available and each person will
have different needs depending on their circumstances. Our Protection Advisor will
talk you through the various options available and advise you on any recommended
products and level of cover specific to your circumstances.

WHAT SHOULD I DO IF MY CIRCUMSTANCES CHANGE?
Talk to us – we know that your protection needs will change throughout
your life, that’s totally normal. So if something changes, be that: your family situation,
employment, or financial circumstance change – talk to us and if you wish we can
then review what kind of protection you have, to ensure any changes in circumstances have been fully considered and accounted for.
WHEN SHOULD I TAKE OUT THE INSURANCE?
We recommend that you take out the appropriate insurance for you as soon as
possible, in order to protect you from the unknown. Our advisors can talk this through and recommend start dates.
Buildings insurance needs to be in place from the date of exchange in order that completion can go ahead.
CAN ANYONE APPLY FOR INSURANCE?
You must be a UK resident and 18 years old at the time of applying.

Life Insurance

DO I NEED LIFE INSURANCE TO TAKE OUT A MORTGAGE?
No, it is not a legal requirement to take out life insurance with your mortgage, but we
recommend you seriously consider it.
One of the main reasons why people take out life insurance is to ensure that
their families can carry on paying the mortgage, in the event of death
or serious illness. The consequences of not being able to pay
the mortgage could end in your family being forced to sell the
home and move out.

General Home Insurances

Do I need buildings and contents insurance to take out a mortgage?
Although not a legal requirement to take out buildings and
contents insurance with your mortgage,
the Lender will require you to take out buildings insurance from the date of
exchange in order to protect its investment in your property.
When should I take out the insurance?
Buildings insurance needs to be in place from the date of
exchange in order that completion can go ahead.
Can anyone apply for insurance?
You must be a UK resident and at least 18 years old at the time of applying.
What happens if I cancel my policy and switch to a new, cheaper one?
However, there could be a penalty to pay for the early cancellation
of buildings and contents insurance.
Do I have to have Land lord Insurance?
Landlord insurance isn’t a legal requirement, but if the worst
happens it gives you vital protection for your property investment.
Many mortgage lenders make it a requirement of taking out a buy
to let mortgage
WHY DO I NEED AN ADVISOR TO HELP ME GET MY PERSONAL PROTECTION INSURANCE
Our qualifications enable us to look at your
unique circumstances and can recommend based on the situation. Yes it is
easy to look at the comparison websites and apply for their best rate or
cheapest deal – but you could end up with the wrong level of cover, or worst
case even being refused a policy. Instead our qualifications and specialist
advisors means we can source and identify which providers and products you are
more likely to be eligible and approved for. We do not charge you a fee for our advice,
but we will receive a commission from the Insurance provider should you
accept their policy

Need more help or have any questions?

We need to be honest with you… Your home may be repossessed if you do not keep up repayments on your mortgage.