Insurance - protect your home and mortgage

When taking our a mortgage, you should review your home insurance arrangements and consider protection for your mortgage payments.

mortgageforce™ can offer you comprehensive and competitive insurance so that you can be sure you’re always adequately covered.

Home Insurance

Buildings Insurance: As a condition of your mortgage, you will have to take out buildings insurance. As a minimum, it should cover you up to the full cost of repairing or rebuilding your home in its present form. Buildings insurance is available at different levels and usually includes cover for your home against risks such as fire, flood or subsidence. You can also select a higher level of cover to include full accidental damage.

Contents Insurance: Contents insurance, which covers items such as furniture, carpets and similar belongings, is optional but highly advisable. Risks such as fire, flood and theft are generally covered under basic home insurance policies. More comprehensive cover is also available including extras such as full accidental damage, personal possessions and specified valuables. Premium discounts may be available if you have an alarm system and some policies offer no claims bonuses.

Payment Protection Insurance

It is very important to take the precaution of protecting yourself and your family against the risk of losing your home and if you are unable to work due to, accident, sickness and unemployment.

If you were to lose even part of your income, a previously affordable mortgage could become a heavy burden. State benefits are not as generous as they used to be and far fewer people are now eligible. If you need to claim, you could be in for a shock.