- Estate Agent
Insurance pops up in numerous ways in relation to selling and buying property.
This insurance is often arranged by the lender. If you wish to arrange yourself you can often do so cheaper but your lender may charge an administration fee in connection with the registration of its interest in your policy. Note:- minimum requirements are that the property needs to be insured for the rebuild value - this is usually less than the market value.
Again this insurance is often arranged by the lender although cheaper alternatives are available for those willing to make the effort.
Permanent health insurance can insure you against loss of income through sickness.
mortgage Payment Protection
You can insure against unemployment so that your mortgage is paid monthly whilst you are out of work.
You can insure your life through a mortgage protection policy which is reducing life insurance for the term of a capital and interest mortgage.
Fire, theft and breakage
This is necessary if you use storage facilities.
Legal content supplied by Wilson Nesbitt Solicitors.