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Insurancey questions
Willspireite
Posts: 218 Forumite
Hi,
Apologies if this is in the wrong thread ... wasn't sure if it went into mortgages or in insurance...so I posted in both to be safe!!
Got a mortagage for our house a couple of years back, happy enough with it, so no problems there ... thing is we arranged it through a friend who's a broker and he arranged Building, Contents, Life Ins etc for us, as I had NO idea at all
Having looked over some stuff I'm feelin a bit more confident and so have switched Buildings and Content this year, halving the amount we pay, getting free travel insurance sent too and getting cashback on Greasypalm! :beer:
Thing is I've some other policies that I'm wondering about and was wondering about help!
One policy is with Liverpool Victoria, costing £17.36, it's for income protection ... do I need this ... or is it a safeguard? My job is secure enough and if anything does go wrong, the job ends, we'd simply sell up and move to Canada where my wife is from early ... as we're planning to do that in a few years anyway!
The other is from Scottish Provident and is Self Assurance Policy costing £19.14 a month. I believe this is vital, as the mortgage requires this ... but can I switch? It seems a bit high compared to some searches I did using Martin's tips in the forum.
Final bit ... the house deeds are in my name only, as my wife was away at a critical time in the process, so we raced ahead with just my signature. She also has a self assurance policy for £16.12 a month. We had planned to switch the deeds to joint names, however as we're moving in the next two years we decided the legal costs of this would be better spent paying off more of the mortgage ... soooooo, is this self assurance policy really worthwhile?
Thanks for help! :j
Apologies if this is in the wrong thread ... wasn't sure if it went into mortgages or in insurance...so I posted in both to be safe!!
Got a mortagage for our house a couple of years back, happy enough with it, so no problems there ... thing is we arranged it through a friend who's a broker and he arranged Building, Contents, Life Ins etc for us, as I had NO idea at all
Having looked over some stuff I'm feelin a bit more confident and so have switched Buildings and Content this year, halving the amount we pay, getting free travel insurance sent too and getting cashback on Greasypalm! :beer:
Thing is I've some other policies that I'm wondering about and was wondering about help!
One policy is with Liverpool Victoria, costing £17.36, it's for income protection ... do I need this ... or is it a safeguard? My job is secure enough and if anything does go wrong, the job ends, we'd simply sell up and move to Canada where my wife is from early ... as we're planning to do that in a few years anyway!
The other is from Scottish Provident and is Self Assurance Policy costing £19.14 a month. I believe this is vital, as the mortgage requires this ... but can I switch? It seems a bit high compared to some searches I did using Martin's tips in the forum.
Final bit ... the house deeds are in my name only, as my wife was away at a critical time in the process, so we raced ahead with just my signature. She also has a self assurance policy for £16.12 a month. We had planned to switch the deeds to joint names, however as we're moving in the next two years we decided the legal costs of this would be better spent paying off more of the mortgage ... soooooo, is this self assurance policy really worthwhile?
Thanks for help! :j
£10 a day in November = £593.31 / £300
0
Comments
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Maybe that was a bit too much ... apologies if it was ... with regards to the Liverpool Victoria, Critical Illness / Wages thing ... is that essential? Or can I cancel that? Cheers for any help folks!£10 a day in November = £593.31 / £3000
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