If you’re a homeowner with a mortgage, your lender will usually insist that you have adequate buildings cover for the term of your mortgage – that is, while the mortgage company has an interest in the property. You’ll typically need to have buildings insurance in place on the date you exchange contracts, as this is when you become legally responsible for the property.
Insurance
Building Insurance
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Help with Your Building Insurance
Please note you might be offered buildings insurance when you take out your mortgage, but you don’t have to take what’s on offer. Use the key policy information to shop around and get the best deal for you or talk to us.
Life Assurance
If you’re thinking of buying a mortgage, then you ought to be thinking about taking out a life insurance policy too. You’ll often find that a mortgage life insurance policy will cost less overall than, say, a level term life insurance policy, where you might pay more to guarantee a pay-out which is fixed for the whole policy life.The best way to get an idea of how much you could expect to pay is to call us for a no obligation illustration.
Mortgage Payment Protection Insurance (MPPI)
is designed to cover the cost of your mortgage payments in the event that an accident, sickness or unemployment stops you from working. As a general rule, mortgage protection policies will start paying out either 31 days or 60 days after you are unable to work.
