Property & General Insurance

Property & General Insurance

We are able to introduce you to a specialist Insurance Broker with whom we are closely associated who will deal quickly and professionally with all your property insurance needs.

They are authorised and regulated by the Financial Services Authority. You will find their quotations very competitive and they will be happy to advise you on all matters relating to insuring your property and its contents and deal with your claims should they arise.

Read more...

Your property is probably your most valuable asset and, if mortgaged, the security held by the lender.   Consequently, it is natural for you and the lender to want to protect the value of your investment and the lenders security from the effects of damage or even total destruction.

When your property is valued as a security by the lenders valuer, a reinstatement figure will be indicated within the valuation report which is the valuers professional opinion of what it would cost to rebuild the property in the event of its total destruction by fire. The lender will insist on this amount of cover for insurance purposes. The figure should not be confused with the market value amount in the valuers report which in some circumstances can be less than the reinstatement value.

Unless, the property is leasehold and the freeholder retains the right to insure the property and charge the premiums to you, it will be your responsibility to arrange the insurance and provide the lender proper proof that the property is covered at the required amount. Cover should normally be in place from exchange of contracts from which time you become legally bound to purchase the property.  

Fortunately there are a number of different ways you can protect your property in the event of various unforeseen circumstances. See Insurance Products for further information.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE