Buildings Insurance
All lenders will insist you insure your property to protect their interests. They usually, however, will not insist that you take it with them.
Premiums are typically based on the area ie postcode and number of bedrooms. There are also discounts for first time buyers or for porting over number of years of no-claims.
Normally the commencement date is on Exchange of Contracts
Contents Insurance
This is insurance designed to protect your possessions and usually commences on Completion.
Cover usually provides for :-
• Contents in the home
• Contents outside the property
• Replacement locks
• Freezer contents
• Office equipment if you work from home
• Breakage of mirrors and fixed glass in furniture
• Personal money and credit cards
• Accidental damage to contents(at additional cost)
• Personal possessions cover (at additional cost)
• Pedal cycles
Landlords Household Insurance
We can provide you with a household policy for owners of investment properties (buy to Let).
These are similar to residential buildings and contents policies with the additional cover for property owner’s liability and therefore expect to pay slightly higher premiums.