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Mortgage Home,Life and Critical Insurance
Sunshine012
Posts: 30 Forumite
Hi everyone
I have a mortgage offer from the bank and at mortgage appointment I was quoted for Home,Life and Critical Insurance which seem quite expensive.
Any thoughts/recommendations on insurance?
I have a mortgage offer from the bank and at mortgage appointment I was quoted for Home,Life and Critical Insurance which seem quite expensive.
Any thoughts/recommendations on insurance?
0
Comments
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You have to insure the building to get the lender. Therefore the only optional home insurance covers your contents.
Ask your self 3 questions
1. What and I going to do about losing my home contents if the property burns down
2. What do I want to happen to the property if I die
3. What do I want to happen with my property and my debt if I am off work sick long term or seriously ill.
The fourth question is why you would buy from the Bank that wont offer you a choice from the whole market.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
What are the insurers that you would recommend?0
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I would not recommend insurers. I would recommend solutions to the problems you perceive given your situation.
Get yourself some proper advice, and not from the Bank.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
get a broker, MSE does a good article on life assurance and the majority also do income protection"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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