Mortgages, remortgages, loans, buildings & contents and life insurance specialists
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Mortgages, remortgages, loans, buildings & contents and life insurance specialists |
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Home Purchase Insurances
So you have had your offer accepted and the mortgage is in place, now it's time to consider the thorny subject of insurance. It should never be forgotten that a mortgage and the property assigned to it is likely to be the largest purchase and outlay a person will make in their life time. Therefore protection is the key to a worry free life in your new home. With full access to many of the major insurance companies in the UK, Northern Financial Solutions can provide the lowest quotes around for all your protection insurance needs An analogy would be that if you bought an old car for £200 your likely to only insure it with a 'third party insurance policy, whereas, if you bought a car for about £2,000 you would take out further cover, perhaps to protect it against theft. However, you would almost certainly opt for a 'fully comprehensive insurance policy' if the car cost £20,000. Your home is worth many times more than even an expensive car, so it is wise to seriously consider all the types of protection insurance available, and to take into account any future events or mishaps which may occur For an informal chat with one of our friendly advisors simply call:01274 900232 Buildings Insurance Buildings insurance is a must when taking out a mortgage No lender will agree to a home loan without buildings insurance (unless your property is leasehold). Your property is the lenders' security on the loan, so they will understandably want you to have it insured against damage from fires, subsidence or heavy storms It's usual for the lenders to either try to arrange buildings insurance for you or to make it a condition of the loan, but it's worth looking elsewhere as their quotes normally cost more than if you shopped around Northern Financial Solutions has access to many of the the major providers of buildings insurance. So, as with your mortgage, we can search the market for you and supply you with quotes on a like for like basis, and save you some money in the process
Contents Insurance Contents insurance must always be considered seriously. Your home, bricks and mortar, have to be insured against loss or damage, the why not the contents of that home. Indeed, the contents of your home can amount to many thousands of £'s, perhaps even up to a quarter or half of the value of your home Buildings insurance is often sold along side contents insurance. Your lender won't insist on contents insurance, but it is highly recommended. If you ever need to make a claim, you will receive the cost of the damaged goods or replacements from your insurance company. Decide whether you want a new-for-old policy or cash, and assess the value of your possessions to make sure you aren't under or over-insured Most people prefer new-for-old policies because they get an exact replacement or even upgraded version of the goods lost. You don't have any of the frustration of having to shop around for the goods you have lost as you do when you receive cash in place of your lost possessions Northern Financial Solutions can give you full information and quotations on the full range of contents insurance policy types. Not just from one insurer but a range of the major insurance companies
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Send mail to howardf@nfsonline.plus.com with questions or comments about this web site.Last modified: 08/23/06http://www.businesslist.co.uk/activateCat.asp |
