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Protection

Having adequate protection insurance is vital in an unpredictable world where personal, family or asset related circumstances can change overnight...

We do not employ a 'hard-sell' approach, but simply provide insurance advice to protect against potential risks that normal life brings. Below is an overview of typical protection products available...

Property and landlord Insurance

Building Insurance
This typically covers the main structure of the insured property if you need to rebuild or repair it after a fire, flood or theft.
It's very important that you do not underinsure e.g. value the cost of rebuilding to be 100,000 when it would actually be say, 125,000. Underinsuring will normally result in you not receiving the full amount that you would expect since the loss adjuster would apply the principle of averaging.

Contents Insurance
This typically covers the value of all your possessions in the insured property. However, accidental loss or damage is not normally included but can be bolted on at an extra cost. Other key points to consider are whether there is a replacement of old for new and what the maximum cover is for certain individual items i.e. you might not be able to claim for the full value of expensive items, such as jewelry or a home entertainment system.

Life Insurance

There are generally two types of life Insurance - Term Insurance and Whole of Life Insurance

Term Insurance
As the name suggests, this is insurance that provides cover for a specific term. At the end of the term, there is no cash value and only a pay out if the insured party dies during the term period. There is also no surrender value should the insured party decide not to continue the policy.
There are different types of Term Insurance suited to differing circumstances and needs, such as level term, decreasing term, increasing term, convertible term and renewable term being typical types of term insurance.

Whole of Life (WOL) Insurance
This is a life insurance policy which is guaranteed to remain in force for the lifetime of the insured party. Since there is an investment element, the policy will accrue a cash value.
There are mainly three types of WOL policies - minimum, balanced and maximum cover.

Accident, sickness and unemployment cover (ASU)

ASU can help with essential bill payments and/or interest mortgage repayments while you recover from any form of illness, or accident, as well as giving you protection should you lose your job due to redundancy, but usually only for a fixed time period, typically 12 to 24 months.

It does not cover voluntary redundancy / job dismissal or if you fall ill with a pre-diagnosed condition.

Health and Critical Illness Insurance

Health Insurance
Health insurance is an insurance policy that covers the costs of private healthcare, from diagnosis to medical treatment. You will pay a monthly subscription that covers all or some of the cost of treatment for acute conditions that develop after your health insurance policy has begun. It is typically only paid out if you are hospitalised to reimburse you of the related medical costs.

Critical Illness Cover (CIC)
CIC provides you with a tax-free lump sum if you are diagnosed with certain illnesses or disabilities. It will not cover you with pre-diagnosed conditions.
Normally, the payment is deferred for one month before it is paid out and which conditions are covered varies from policy to policy but should include core conditions such as cancer, heart attack, stroke, kidney failure, major organ transplant, coronary artery bypass, Parkinson's disease, multiple sclerosis etc.

Income Protection

If you're unable to work due to an illness or accident, income protection insurance can help cover your outgoings. You will receive regular income until you return to paid work or until you retire. This is also known as permanent health insurance.

Mortgage Payment Protection Insurance

Mortgage payment protection insurance covers the cost of your mortgage payments if you become unwell or lose your job. Usually, there is an initial exclusion period of up to 90 days before the cover comes into force. Again, pre-existing conditions (illnesses you know about already) are not covered as are people who are retired or unemployed.

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  • Competitive fees with further reductions for repeat customers
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