Insurance
Buildings and Contents Insurance
Insuring your home is one of the most important things you can do but is often seen as an inconvenience, overlooked completely or is just something which should be bought for the lowest price possible.
Unfortunately, like Life Assurance and Critical Illness Cover it is only after an event has occurred when you need to rely on your insurance policy that the problems can arise.
Financial Options offer
Financial Options offer a range of comprehensive policies for residential homes, flats and other dwellings. We also offer cover for tenanted property and landlord insurances including liability cover.
It is essential that you ensure you have enough cover for all of your belongings and property and that you keep the insurance company aware of any significant alterations. For example if you build an extension or buy a diamond ring you must ensure you are still adequately covered.
Buildings and Contents Policies
There are a large range of Buildings and Contents policies available with various different features that you can add. We would always suggest that you add Accidental Damage to any policy as this tends to account for about a third of all claims. You can also add cover for belongings outside of the home anywhere in the world, travel insurance, working from home and even cover your children’s belongings when they are away at university.
Buildings & Contents Insurance – A Mortgage Requirement
When purchasing a property it is essential to ensure that you have adequate Buildings insurance in place as it is a requirement of the mortgage lender and they will not allow you to draw down the mortgage funds until they have evidence that the insurance is in place and is sufficient to cover their interest.
Leasehold properties / Apartments / Flats
If you are purchasing a flat or an apartment it is very likely that the Management Company that runs the property will hold a Buildings insurance policy on the entire block. Your advocate will be able to liaise with the Management Company and arrange sight of any policy that is in place.