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  • FIRST POST
    • Sunshine012
    • By Sunshine012 13th Jun 19, 1:21 PM
    • 30Posts
    • 1Thanks
    Sunshine012
    Mortgage Home,Life and Critical Insurance
    • #1
    • 13th Jun 19, 1:21 PM
    Mortgage Home,Life and Critical Insurance 13th Jun 19 at 1:21 PM
    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?
Page 1
    • amnblog
    • By amnblog 13th Jun 19, 2:14 PM
    • 11,318 Posts
    • 4,556 Thanks
    amnblog
    • #2
    • 13th Jun 19, 2:14 PM
    • #2
    • 13th Jun 19, 2:14 PM
    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.
    • Sunshine012
    • By Sunshine012 13th Jun 19, 3:18 PM
    • 30 Posts
    • 1 Thanks
    Sunshine012
    • #3
    • 13th Jun 19, 3:18 PM
    • #3
    • 13th Jun 19, 3:18 PM
    What are the insurers that you would recommend?
    • amnblog
    • By amnblog 13th Jun 19, 6:11 PM
    • 11,318 Posts
    • 4,556 Thanks
    amnblog
    • #4
    • 13th Jun 19, 6:11 PM
    • #4
    • 13th Jun 19, 6:11 PM
    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.
    • csgohan4
    • By csgohan4 13th Jun 19, 6:37 PM
    • 6,512 Posts
    • 4,405 Thanks
    csgohan4
    • #5
    • 13th Jun 19, 6:37 PM
    • #5
    • 13th Jun 19, 6:37 PM
    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"
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