Insurance

Home insurance Gutted by fire

Almost two million people in the UK have no home insurance.

Contrary to what many householders believe, it means even if damage is caused by someone else, they could lose everything.

The BBC’s Paul Lewis from Radio 4’s Money Box reports on the loss suffered by villager Violet Grainger, when her neighbour’s chimney caught fire.

www.bbc.co.uk/news/business-17412996

Family income benefit life insurance is a type of decreasing term policy. Instead of a lump sum, though, it pays out a regular income to your beneficiaries until the policy’s expiry date if you die.

A level term policy pays out a lump sum if you die within the specified term. The amount you are covered for remains level throughout the term. The monthly or annual premiums you pay can be guaranteed or reviewable.

Level term insurance can provide cover for interest only mortgages, not covered by an endowment or family protection providing a lump sum for the surviving partner to provide for the family.

Term Assurance is the most basic type of life insurance. With term insurance you can choose the amount of cover you want and the term you want it for. If you die within the term, the policy pays out to your beneficiaries. If you do not die during the term, the policy expires and the cover ends. There is no surrender value with this type of policy.

Direct Line has pulled out of the life insurance market with immediate effect.

A notice on the company’s website states that Direct Line, which is owned by Royal Bank of Scotland, is no longer accepting new life cover, life cover with critical illness, or over 50s life cover business.

Should you therefore need life cover and or critical illness cover then you should call us now on 01489 580020 or email us your requirements on www.parkgate.net/contact-us/

Unlike many comparison websites we believe that the quality of your policy is as important as the price.

There is little value in buying the cheapest policy found online if it won’t pay out when you need it to therefore cheapest isn’t always best.

There are plenty of policies that offer both a good level of cover and a competitive price but you won’t always find them on the comparison tables.

Yes, price is important – but so is the quality of the policy.

Mortgages
life insurance
home insurance
equity release

We offer whole of market advice for all types of customers, whether you are a first time buyer, home mover or looking to purchase a buy to let property. Being independent we are able to offer impartial advice from the whole of the market to ensure you get the product that suits your financial needs.

Whether you are looking to protect your mortgage payments or your family, we provide independent advice for life insurance, critical illness cover and income protection from a wide range of providers.

Buildings Insurance is a requirement when you complete on a mortgage the cover is to provide security to the lender, the insurance covers the main structure of your home. It will cover you for subsidence, storm, flood, fire or smoke damage and cover the costs of rebuilding or repair.

Equity release is a way of releasing cash from your property, either through selling a percentage to the reversion company or taking a mortgage on it, while allowing you, the homeowner to continue living there as long as you wish.