insurance
Insurance Hub
Owning a property is always a big financial commitment, so it’s important to make sure it’s adequately protected.
Whether you are looking into life insurance, or property insurance, our guides and articles will cut through the jargon so you can easily understand your options.
Welcome to our Insurance Hub.
The world of mortgage and property insurance can often seem complex, but it’s an important part of safeguarding your future and the assets you’ve worked hard to acquire.
Whether you’re looking to protect your loved ones’ financial well-being or ensure your property is covered against unforeseen events, you’re in the right place.
In this hub, we aim to demystify the world of insurance, offering clear, concise, and knowledgeable insights into both life cover, mortgage protection and property insurance.
Life Insurance
Life is full of unexpected moments. Life cover, and mortgage life insurance, is about preparing for them. It’s a way to ensure your family’s financial stability, even if you’re not around. From settling debts to supporting daily needs, life insurance provides peace of mind for the future.
Discover the different types of life cover and find the right fit for your family.
Critical Illness Insurance
When it comes to safeguarding our financial future, many of us immediately think of life insurance. While life insurance is undeniably vital, there’s another type of protection that’s equally important but often overlooked: critical illness insurance.
We look at the ins and outs of critical illness cover and why it’s an essential consideration for anyone looking to secure their financial well-being.
Property Insurance
Your home is more than just bricks and mortar; it’s where memories are made. Property insurance ensures that whether it’s damage from unexpected events or potential thefts, your home and its contents are protected. Don’t leave things to chance; secure your property’s value and your peace of mind.
Learn about your property insurance options, what you must have and what you should have.
Mortgage Life Insurance is a type of life insurance that is specifically designed to pay off a mortgage in the event of the policyholder’s death. It can give peace of mind to both homeowners and their loved ones, knowing that the mortgage will be taken care of if something happens to them.
There are two common types of mortgage life insurance:
- decreasing term insurance
- level term insurance
Decreasing term insurance is the cheaper option, as the death benefit decreases in line with the balance of a repayment mortgage. This means that over time, the policy will pay out less and less as the mortgage is gradually paid off.
Level term insurance, on the other hand, pays out a set amount regardless of how much of the mortgage has been paid off. This means that it can provide more financial protection for your loved ones in the event of your death, but it is usually slightly more expensive than decreasing term insurance.
Mortgage life insurance can give you peace of mind knowing that your mortgage will be taken care of if something happens to you. It is important to compare different policies to find one that meets your needs and budget. You should also make sure that you understand the terms and conditions of the policy before you purchase it.
Who needs life cover?
Most people with a mortgage will need some form of life insurance. This is because if you die and have a mortgage, your family could be left struggling to make the repayments.
How much does it cost?
The cost of mortgage life insurance depends on a number of factors, including your age, health, lifestyle and the amount of cover you need. You can use an online calculator to get an idea of how much it would cost to insure your mortgage.
Do you need life insurance to get a mortgage?
When you’re looking to buy a home or remortgage, one of the most important decisions you need to make is whether or not to take out life insurance. “Do I need life insurance to get a mortgage?” is a commonly asked question by borrowers.
The good news is that it’s not compulsory for you to take out a life insurance policy when getting a mortgage. It might be a very sensible thing to do, but it’s not a legal requirement.
Is it expensive?
Mortgage life insurance is not usually expensive, especially if you compare it to the monthly cost of your mortgage.
You can get a quote for mortgage life insurance online from a variety of different providers. It is important to compare different policies before you sign up to one.
