A property is likely to be the biggest purchase you’ll ever make. Having insurance can give you a safety net and peace of mind – if things go wrong.
Buildings and contents insurance is especially important when you have a home to protect and a mortgage to pay. And it’s often a condition of the mortgage.
Depending on the type of insurance you take out, having insurance allows you to:
Most mortgage lenders insist that you to have buildings insurance in place when you exchange contracts. This is when you legally own the property and are responsible for the building.
It protects you against the cost of repairing or rebuilding your home from scratch, if it were to be damaged. It’s important to consider getting the cover you need.
Buildings insurance typically covers:
As moving day approaches, you may want to consider contents insurance – to protect your belongings too. You shouldn’t underestimate how much your items are worth – from your TV to your washing machine.
If you ever needed to replace them, you’d need enough contents insurance to cover your losses. It may be cheaper to buy buildings and contents insurance together – but you can also buy them separately.
We aim to meet your needs as much as we can. Visit our appointment enquiry page, choose a time and date that works for you and we’ll try to make it work for us.
We are experts within our profession and have an in-depth knowledge of lenders to find the right mortgage for you.
Every scenario is different so we’ll give you personalised advice, just for you to ensure all your requirements are met.
We believe in good, honest, down-to-earth advice that is straightforward and easily understood.
We aim to meet your needs as much as we can. Visit our appointment enquiry page, choose a time an date that works for you and we’ll try to make it work for us.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
Sheffield Money is a trading style of Maven Money Ltd which is registered with the Data Protection Act 1998 registration No. ZB495682 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 987341 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
