Buying a house is one of the most exciting experiences you could ever have, so it can be easy to get caught up in the fun without thinking about the long term. However, it’s impossible to predict what could happen in the future, so we’d always advise you to take out insurance during this time.
Preparation is key in giving you the peace of mind that you’ll be protected should the unthinkable happen. A specialist insurance broker from Sherwood Mortgages will advise you on the right you’ll need to protect both your new home and your loved ones.
Life is unpredictable, so when you become a homeowner, you should take the time to consider the range of protection and insurance options that you may need.
The financial impacts of adverse life events can be extreme, so through investing in insurance you could receive significant help with bills, debts and medical care bills - depending on your unique circumstances.
The insurance products most often associated with homeownership include:
At Sherwood Mortgages, we specialise in advising our customers on several different insurance products during the mortgage process.
Buildings and Contents Insurance are essential when owning a home. When you accept an offer from a mortgage lender, there will be a condition that suitable Buildings Insurance is in place. Your specialist insurance advisor will take the time to research the insurers we have available to offer you the package that best serves your needs.
We’re also able to provide Contents Insurance during this time, which in the case of an incident, would replace your lost possessions as well as covering building repairs if needed.
Mortgage Protection Policies are designed to give you the reassurance that your loved ones will be taken care of should the unthinkable happen. These policies cover a range of different potential circumstances. For example, we advise on income protection that would cover your monthly salary if you were unable to work due to your health.
In the event that you’ve been diagnosed with a critical illness, a Critical Illness Policy would provide you with a substantial payment to repay your mortgage balance. Similarly, Life Cover would pay out a sum to cover your mortgage balance in the event of death.
An experienced insurance broker will be able to explain the benefits of each policy and assess which products would be most applicable to your situation. All our analysis will be fair and based on your personal circumstances.
For a comparatively small monthly payment, taking out the correct insurance means that you’re protected against having to cover the huge financial costs that can incur when adverse life events happen.
An expert insurance broker will talk through all the legal responsibilities that come with buying a property in order to cut out any unnecessary stress for the buyer. When you take on an insurance advisor, you can rest assured that you’re getting the best deal for you and your personal needs.
When you speak to Sherwood Mortgages about insurance, you can rest assured that you’re receiving advice from a team of experts who are dedicated to finding you the very best deal possible. If you’re buying a home and you need expert advice on the cover you’ll need, contact us today and a member of our friendly team will be in touch.
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