Although buildings insurance isn’t compulsory like motor insurance, taking out this kind of policy is usually a precondition of your mortgage. And it’s a condition which certainly makes good sense: after all, what would happen if your home were to be substantially damaged in a flood, fire or other major incident? You’d still be liable to pay your mortgage but would also have to find somewhere else to live.
Don’t wait until you’ve moved into your new home before arranging insurance cover. You’re legally responsible for your property’s bricks, mortar, fixtures and fittings from the moment you exchange contracts. So you should act to arrange suitable cover in advance of your purchase completion date, just in case you need to make a claim during the early days of your ownership.
Zing’s mortgage specialists also have expert knowledge of insurance cover. As part of our seamless service they can talk you through the level of cover you’re likely to need and find the right policy for you. As usual, our insurance advice is independent and tailored to your individual situation.
*For insurance business we offer products from a choice of insurers.