On this episode of the mortgage and protection podcast we’re talking all about general insurance with Kay Sibia from The Mortgage Broker London.
What is classed as general insurance?
General insurance is designed to financially protect your home and belongings. For example, if your home is damaged or destroyed in a fire, storm or flood, having the right insurance in place will help you to replace your belongings or rebuild your home. This can provide peace of mind knowing that you can replace your home, and belongings after a detrimental event.
What products and services do you offer when it comes to general insurance?
We offer products such as buildings insurance, which covers anything related to the actual structure of your home. This could be your roof, walls, flooring, fixtures and fittings, kitchens or bathrooms. We offer contents insurance, which is designed to cover the cost of replacing your possessions if they’re stolen or damaged.
We also offer Landlord’s Insurance, which covers you for buildings, if you’re renting out properties that you own. Again, that will cover you against fire, theft or any sort of malicious damage. We can additionally provide buildings and contents insurance for your holiday home.
If your property is of non-standard construction, we can provide advice and cover for timber frame properties, thatched properties and anything else considered to be a non-standard construction property.
Boiler breakdown is something that we offer on our home insurance policies as an optional extra under the home insurance and home emergency section. So if you have a failure to your heating system, or broken or blocked drains that will be covered under the home emergency option.
Our job as a mortgage broker is to source the market for the best options for you. Our experience and depth of knowledge can help you to secure that all-important mortage at the best rate we can.
Why is it important to ensure that your insurance is up to date?
It’s vital that you make sure that your home insurance is kept up to date and valid at all times to avoid any sort of unpleasant shock should you need to make a claim. Whether you’ve had your property renovated or added an extension or loft conversion, just make sure you’re insured correctly up to the new value of your home.
Even for things such as natural disaster claims, the provider will want to make sure that your policy is up to date.
What sort of costs are involved with home insurance?
It’s a little bit tricky to answer because we take a number of factors into account when we provide quotes, so it would depend on where you live, the size of your home and the type of home that you live in for building insurance. Contents insurance would depend on the value of your belongings. We will always try to offer you the most suitable level of cover at a competitive price, however.
How can The Mortgage Broker London help with general insurance?
We deal with the biggest and most competitive insurers in the UK, so we will always compare prices and product features as well, as we believe in tailoring a policy to suit the individual clients needs.
We will assess your personal circumstances and look at the most suitable policy to suit your needs. We’ve got access to multiple products and multiple insurers, so we’ll be able to offer you the most suitable level of cover.
This will save valuable time and money, and we also offer clear documented advice, with consistent high quality service and are available to support you. If you take up a policy with us, we’re always at the other end of the phone if you have any questions or queries at any point.
Your property may be repossessed if you do not keep up with your mortgage repayments.