FAQ Home | General Questions | Critical Illness Insurance | Life Insurance | Home and Contents
Mortgage Payment Protection | Mortgage Life Insurance | Short Term Income Protection Insurance
Mortgages | Car Insurance | loans | Private Medical Insurance | Travel Insurance
Hot Topics
- What Information Will You Need to Provide
- For Home Insurance you’ll need to enter details about:
- When do you need your cover to be in place?
- In most cases, you can be insured immediately online. If you don't want to be insured straight away, then that's no problem. You simply enter a future date you want the insurance to start.
- How are the premiums calculated?
- All the questions you are asked to complete online will influence your premium even down to your postcode. Within milliseconds all your details will be electronically transmitted to a main computer which works out your premium.
- How do you make a claim?
- Most insurance companies now have emergency help lines. In our experience they are very efficient and will tell you what to do – sometimes they'll even make all the arrangements for you.
Do I need Home & Contents Insurance?
It is essential to get Buildings Insurance when you buy a property - to protect your home from an unexpected disaster such as flood, hurricane or subsidence.
If you do suffer unexpected damage to your home, you will still have to continue paying the mortgage if your home is severely damaged and you will also have to pay for the damages - this is why Buildings Insurance is essential. Lending institutions usually require mortgage customers to purchase homeowners insurance - they are protecting themselves because if your property is badly damaged and you can’t afford the repairs or the mortgage, your lender will not make their money back if they have to repossess and sell the house.
Contents Insurance is a personal choice however, it is up you if you want to protect your valuables inside your home, as they will not affect the value of your home. You may find that buying the two policies together from the same lender will be the cheapest way to insure your home.