Protection Insurance

Life Insurance

If you are looking for life insurance and already have a quote or two then complete our short form on the right to see how we compare – we could beat the quote you already have! We have very strong relationships with our providers who are keen to get your business. So don’t commit yourself elsewhere until you have spoken to us, we could save you hundreds of £££s over the lifetime of your policy!

It won’t cost you anything to find out and you do not have to follow our advice! As an independent brokerage we act for the customer, not the provider, so we will make sure you are aware of any exclusions that may be hidden in the small print of the T & Cs! Most providers act on a non-advisory basis (also called execution only) which means they are not liable if you later discover an exclusion you weren’t aware of. Tragically there are cases where the insurance provider will not pay out on a claim for this reason. We can advise you and are duty bound to provide you with ‘Best Advice’ based on your needs and requirements!

Critical Illness

Critical Illness Benefit covers you in the event of diagnosis of such, and some policies offer ‘part cover’ for lesser illnesses. A list of some of these illnesses is below but this is by no means exhaustive and different providers will offer different levels of cover for different illnesses. In most circumstances Critical Illness Cover is an add on to a life insurance policy, but you can take it as a ‘stand alone’ should you wish.

As an independent brokerage we act for the customer, not the provider, so we will make sure you are aware of any exclusions that may be hidden in the small print of the T & Cs! Most providers act on a non-advisory basis (also called execution only) which means they are not liable if you later discover an exclusion you weren’t aware of. Tragically there are cases where the insurance provider will not pay out on a claim for this reason. We can advise you and are duty bound to provide you with ‘Best Advice’ based on your needs and requirements!

Income Protection Insurance?

  • Income protection covers your monthly income should you suffer an accident, sickness or unemployment.
  • Designed to cover your core monthly financial commitments such as your mortgage/rent, bills and food.
  • Income Protection is the one protection policy every working adult should consider. Which? Money 2013
  • Speak to our expert independent advisers today!

What is income protection?
We all insure our cars and homes however we often forget to protect what pays for it all, our earnings. Income insurance is designed to protect up to 70% of your gross salary in both the short and long term should you be unable to work due to accident or sickness and in the case of short term protection, unemployment as well. Given the level of government support available and with fewer employers offering long term sick pay above and beyond Statutory Sick Pay, a personal income protection policy is more important than ever.

How does it work?
If you suffer sickness or injury that prevents you from working your income insurance plan will begin to pay a monthly benefit after your chosen deferred period either until the policy ends or you return to work. It is possible to insure up to 70% of your gross (pre-tax) earnings for anything from 5 years to the normal retirement age with salary insurance deferred periods ranging from 1 month to 12 months.

Family Protection Insurance

Family Protection Insurance is usually taken out by couples or people with children to protect one another and the children if something were to happen to one of them. The amount of cover you may need does need consideration whether or not both parents work and loss of income is a consideration. But if one of you does stay at home and looks after the house/children/dog/cat etc there is still a financial consideration in replacing this with childcare for instance.

For a couple the most popular cover for this purpose is joint life first death insurance. If you are looking compare life insurance policies/providers/companies etc it is important you seek independent advice. The reason being that there are so many things that you can compare, the most obvious one, in most cases, being cost.

But cost is not the only consideration in comparing what you are getting for your money. Supposing one company offers you more cover for your money but there are exclusions because of the job you do having an element of risk or because of a genetic illness in your family history.

Clearly there are many things to compare other than just cost. As an independent brokerage we act for the customer, not the provider, so we will make sure you are aware of any exclusions that may be hidden in the small print of the T & Cs! Some providers act on a non-advisory basis (also called execution only) which means they are not liable if you later discover an exclusion you weren’t aware of. Tragically there are cases where the insurance provider will not pay out on a claim for this reason. We can advise you and are duty bound to provide you with ‘Best Advice’ based on your needs and requirements!

Buildings & Contents Insurance

Buildings and contents insurance is placed under the bracket of home insurance. It is a combined insurance that will cover or replace any damage that might occur to the house or its contents, including loss. It is essential for all mortgaged houses, and the majority of other homeowners who do not have a mortgage will also have this type of insurance. It is possible to get the two insurances separately, although you will find that most providers offer them as a combined cover.

  • Buildings insurance – This insurance covers your house in case of a disaster where your house is so badly damaged that it needs to be completely rebuilt. The event which caused the damage must have been completely beyond your control, for example storm or flood damage, a major fire, smoke or explosions, water leakage/burst pipes, subsidence, or third party vandalism or damage etc. Mortgage providers will insist that you take out this cover, as it means they will be able to recover their losses in such events. It is like a type of security or collateral for the loan that they have given to you.
  • Contents insurance – This covers all items in your house which are not fixed to the property, for example your furniture, jewellery, appliances and clothing. Most of the available contents insurance policies will even cover things like the contents of your refrigerator and freezer! The cheapest type is indemnity insurance. This cover will replace exactly what was there before, so if you claim for a washing machine that was already three years old, you will be given a replacement washing machine that is three years old. The more expensive “new for old” option will give you a brand new replacement of whatever gets damaged or stolen, thus you would get a brand new washing machine. Contents insurance will cover you in most of the same situations as buildings insurance, but also includes theft. Again, any of these perils must have been beyond your control.

Why do I need this type of insurance? Some mortgage suppliers will make this type of insurance compulsory when you take out a mortgage with them, to cover their loan. Otherwise, this insurance is highly recommended to protect you against unforeseen circumstances. Virtually every home in the country will have this type of insurance just for that reason, and it could end up proving to be very costly if you do not take the cover out.