We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Life insurance, critical illness cover and build and contents ins. Help for FTB!
Options
mr_ouija
Posts: 17 Forumite
Apologies for the long winded title, but I'm in a bit of a pickle at the moment.
My wife and I will be purchasing our first home shortly and need to take out life cover, along with critical illness cover. I know we should have done this already seeing as we have 3 children, but better late than never.
The problem is, I'm not sure what the norm is for quoting purposes and if there are particular things that I would NEED to have in place e.g. pay out if you don't die or become critically ill. They ask how long the policy should last for etc, what's the norm here? I'm 32 my wife is 26. They also mention decreasing mortgage etc, all a bit confusing really.
Secondly, we've had a great quote for building and contents insurance, something like £186 for the year with great extras that a lot of other companies aren't offering. The company are called:Liverpool victoria. The excess is £250 and the buildings cover is £250,000 and contents £20,000
If anyone can tell me what things they put down, although I realise this is an individual thing, but it could still help, and also what they pay monthly for both covers mentioned above, I'd really appreciate it.
Many thanks.
My wife and I will be purchasing our first home shortly and need to take out life cover, along with critical illness cover. I know we should have done this already seeing as we have 3 children, but better late than never.
The problem is, I'm not sure what the norm is for quoting purposes and if there are particular things that I would NEED to have in place e.g. pay out if you don't die or become critically ill. They ask how long the policy should last for etc, what's the norm here? I'm 32 my wife is 26. They also mention decreasing mortgage etc, all a bit confusing really.
Secondly, we've had a great quote for building and contents insurance, something like £186 for the year with great extras that a lot of other companies aren't offering. The company are called:Liverpool victoria. The excess is £250 and the buildings cover is £250,000 and contents £20,000
If anyone can tell me what things they put down, although I realise this is an individual thing, but it could still help, and also what they pay monthly for both covers mentioned above, I'd really appreciate it.
Many thanks.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards