Insurance
Why use an Adviser for Insurance?
Lending criteria is becoming ever more complex, so specialist help is being sought by many borrowers in the form of an independent mortgage broker. We are seeing borrowers that have arranged their mortgage with a broker, to then use comparison websites to find their own home insurance and mortgage protection. At Manageable Mortgage Ltd we can help.
Life insurance is something that you cannot see, or touch and hopefully may never need…until a problem occurs when it becomes the single most important consideration for you or your family. It is your personalised ‘plan B’ for when something in your life unexpectedly happens. If we all lived in a perfect world where nothing bad ever happened to us or our possessions, there would be absolutely no need for insurance.
It is here that the comparison websites quite frankly, fall flat – they do not offer you a tailored, bespoke review of your personal circumstances or offer advice on what your ideal plan should look like. This is when a chat with a qualified and experienced Adviser will help you fully understand and appreciate what options are available to you and then recommend what is appropriate to you and your family’s specific circumstances. If you look at this in conjunction with your mortgage, your adviser will be able to ensure your insurance plan is relevant to your new financial arrangements.
So, what should I protect?
Financial Planning is not a ‘one size fits all’ process! Everyone’s list would be different – your mortgage, your monthly incomes, your property, your children, your possessions – the list goes on!
If budget is a major concern, we can help you identify the priorities and find solutions that will fit your budget cutting costs ONLY in the right places making certain that your financial priorities are properly protected first.
Buildings and Contents
Buildings insurance is the only insurance that lenders will insist that you take out when you are buying a property. It is essential that the interest of the lender be noted on this policy and is one of the areas that your solicitor will usually check prior to the completion of your new mortgage.
It is surprising how many people consider that all Buildings and Contents policies are exactly the same, just that some providers charge a lot more than others!
As a company, we will only recommend providers whose policies meet Defaqto 4 or 5 star ratings.
DeFaqto is an independent company that compares every Building and Contents policy against certain industry approved benchmark criteria. We firmly believe that it is rather futile paying for insurance that may not payout at a time when it is needed.
DeFaqto 5 star policies provide a most comprehensive level of cover for your peace of mind and security.
Landlords Insurance
We also have access to highly competitive cover for landlords whether for a single property or a 50 property portfolio again choosing from DeFaqto 5 star rated policies!
As with all insurance policies, conditions and exclusions will apply.
