Why Should I Protect my home?

To most people your home is not only your single biggest asset but is also the place where you live. We would recommend that as a minimum clients that take out a mortgage ensure that this asset is protected. There are three ways that Fresh Finance Group can help:

Protecting your home against your death

There are different types of life cover. The cost depends on many things such as the amount covered, the term, your age, whether you are a smoker or non-smoker and your general health. Monthly premiums can vary in price dependent on provider, so shopping around is a good idea. Here at Fresh Finance Group we are whole of market provider for life cover so you can be certain we will always recommend the most suitable provider.

Level term life assurance is the most common type of life assurance used in conjunction with an interest only mortgage. Term assurance pays out a lump sum should the life assured die before the policy end date. If this does not happen, the policy pays nothing.

Decreasing term life assurance is most commonly used for repayment mortgages. It is typically the cheapest form of cover. The amount assured decreases in line with outstanding mortgage repayment liabilities.

Protecting your home against you being diagnosed with a critical illness

Critical illness cover is a common additional benefit that can be bought as a stand alone policy. However it is most commonly added to a life assurance policy. The sum assured is payable on the conclusive diagnosis of a critical illness, such as:

Cancer
Heart attack
Multiple sclerosis
Stroke

It is very important that you seek the advice of a qualified professional before taking out these policies as the variances between provider are massive.

All of our consultants are fully trained and cover the whole of the market. So you can be certain that we will recommend the most suitable provider.

Protecting your home against damage to your buildings and contents

Your new lender will want to know that you have sufficient buildings insurance in place to ensure that the property is fully covered. As you are having the property valued as part of the remortgage it is a good time to review this protection. Here at Fresh Finance Group we have access to a panel of providers and can make sure we select the most suitable provider for your needs and requirments.

Related Links

- Protecting your income
- Protetcting your family