Life Insuarance and Payment Care

50_percent

Hi all,
I hope you can help me. I'm a very confused FTB, and I'm wondering what insurances I need and don't need, and whether the quotes I have been given are reasonable.
I am buying a two-bedroom leasehold flat, and I only need contents insurance - I have quoted £25 pm for £10,000 worth of contents. This seems high to me, any ideas?!?
I have then been quoted life insurance at £15 pm, and payment care at £28 pm. However, as I'm in a stable job (teacher) and I get a generous Sick Pay, would payment care actually be necessary?!?
Please help...any advice would be very welcome :A

clear_blu

£300 per year for contents cover of £10,000 is ridiculously high in my opinion I would shop around. I would also advise you to sit down and add up exacly what it would cost to replace your contents as £10,000 is quite low nowadays, its not uncommon to have that much stuff just in the living room.
As far as life assurance is concerned as a teacher you will have good death in service benefits through your pension, but I would at least insure for enough to pay off the morgage in the event of your demise.

dunstonh

Your contents insuranceis more than my house insurance on full cover. However, I'm in a low risk area and you could be in a high risk area.

With your occupation, Accident, Sickness and Unemployment cover is not as important and you would have overlap. I wouldnt have it in your position.