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WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS.

 Protecting yourself and home is essential. We are able to offer Independent Quotations for:

Personal Touch Mortgages (Lincs) Ltd acts as a credit broker not a lender

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WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS.

It’s not unusual to worry about what will happen to your loved ones when you’re no longer here. Planning your finances is an important part of this.
Choosing an over 50’s life cover plan will ensure there’s a cash lump sum on your death to help out with funeral costs, expenses or unpaid bills. It’s reassuring, straightforward and unlike many life insurance plans, there’s no medical needed.
It’s a ‘Whole of Life Insurance’ cover that lets you choose a premium level that suits you.

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WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS.

Whole of life insurance is designed to pay out a lump sum of money when you die. A whole of life insurance policy is much the same as a normal term life insurance policy but without a defined term. Whole of life insurance guarantees to pay out on death and is a policy that you keep until you die.
Whole of life can be taken out as a single life or a joint life and you can choose whether you would like it to pay out on first or second death.
Provides a lump sum to pay for your funeral and to pay off loans.  We can provide the peace of mind that your loved ones won’t be left with this bill to pay after you have passed away

How Much Does A Whole Life Insurance Cost?

Whole of life insurance quotes depend on a number of factors. Age is the biggest factor along with health, occupation and smoker status. The amount of cover you choose will also have a big effect so to keep the premiums lower you may want to think carefully about how much cover you need.

 

WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS.

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Landlords need specific landlord insurance

Normal home insurance isn’t designed for landlords and their rental properties so may not pay for claims such as burst water pipes or accidental damage caused by tenants.
This means YOU could end up spending money putting things right if something goes wrong.
To ensure you are fully protected, it is recommended that you purchase landlord insurance, which provides the right protection and additional cover you need as standard.

Standard landlord insurance includes:

A range of protection including buildings cover as well as public and property owners’ liability up to £2m.
Contents only cover for landlords with leasehold properties, such as flats, where the buildings insurance may already be arranged by a freehold management company.
Alternative accommodation costs following an insured event, for example a flood or fire (up to 20% of the rebuild value of your property).
Glass and locks replacement.
Accidental damage to your property.

Public liability

Protection in the event your tenant claims against you for an injury, and you are found to be legally liable. This will cover costs associated with legal action.
Why do you need public liability insurance?
It’s your responsibility to make sure that your tenants are as safe as possible when they’re at one of your rental properties.  Accidents can happen and that’s where having public liability insurance comes in. As a landlord it protects you against claims made by tenants for damage to their property or personal injury arising from incidents connected with your rental property.  If one of your tenants makes a claim against you, and you are found to be legally liable. Public liability insurance will cover the following costs associated with legal action:

Without it you could be in for an expensive time.

Employers’ liability

Protection in the event an employee claims against you for an injury caused in the course of their employment.
As well as increasing many of the above limits you can extend cover to include:
Landlords’ contents insurance, including those contained within communal areas.
Loss of rent following an insured event.

Landlord’s Rent Guarantee

Protecting your investment. Do you ever worry that your tenant may struggle to pay their rent?
Despite being very careful when selecting your tenant, unexpected problems can still happen.  Landlord’s Rent Guarantee will help to ease your financial burden whilst the problems are resolved.  This insurance will cover the cost of legal fees should you need to evict your tenant whilst also making a payment to you to cover lost rent for a predetermined number of months.  You may be in the unfortunate position of having a tenant who is unable to pay their rent for a variety of reasons.

Not only might you suffer a shortfall in rental income you may also incur legal costs if a tenancy agreement is breached. Disputes can happen between landlords and tenants for a number of reasons and if legal action is necessary to resolve the issues, it can be costly.

Letting a residential property presents its own unique set of challenges. Whether you are covering the building or the belongings within, as a residential landlord or buy-to-let owner you’ll be concerned with getting the right cover for your property or portfolio.

Personal Touch Mortgages (Lincs) Ltd acts as a credit broker not a lender

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WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS.

Personal Touch Mortgages (Lincs) Ltd acts as a credit broker not a lender

Protection for your home
Whilst we don’t like to think about it, accidents can happen and it can cost thousands of pounds to recover from them.

What is Household Insurance?
Sometimes known as buildings and contents insurance, this is designed to protect you against the cost of repairing damage to your home and its contents.
Buildings and contents insurance can be taken out either as separate or combined policies.

Buildings Insurance
A typical buildings insurance policy will cover your property against a wide variety of perils such as flood, storm and fire although the extent of the cover will vary between providers.
There is also usually an option to take additional cover on your policy to protect against accidental damage to your property.
It is worth noting that if your home is subject to a mortgage, your mortgage provider will normally stipulate there being a minimum level of buildings insurance in force at all times.

Contents Insurance
This type of policy is intended to pay for the repair or replacement of personal possessions if damaged or stolen from your home.
The policy usually covers possessions which are in the home but not classed as being permanently attached to the structure of your property.
Whilst the terms and conditions of policies will vary between providers, some will also cover items stored in garages and outbuildings and may also protect certain items even when they are taken outside of the home – for example jewellery or portable computers. You need to check exactly what is covered under the terms of your policy.
Contents insurance can be tailored specifically to your needs by offering additional cover should you own any singularly valuable items such as jewellery or camera equipment for example.

It is easy to be persuaded to choose insurance purely based on its price but it is important that you check you are in fact getting the cover you think you are.

An Income Protection Policy is one of the most important insurances that you can consider, as without your income, your life style could change dramatically. What would you do if you could not work due to disability or ill health? If you had a reduced income, how would you pay your bills?

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Could you survive on State Benefit alone?

An Income Protection Policy is designed to protect your income if you are unable to work as a result of disability or ill health. Unlike an Accident, Sickness Unemployment policy which typically has a maximum term of 1 or 2 years, an Income Protection policy can have a significantly longer term. Typically upon a successful claim it would pay out a monthly tax-free income until you recover or until your specified age of retirement after a specified deferment period. Income Protection policies do not normally protect you against redundancy.
The maximum cover you can have is usually between 50-60% of your gross income, however, as the benefit is paid tax free, you can replace a high percentage of your income in the event of long term incapacity.

Some of the most common conditions covered by income protection insurance are mental illnesses such as anxiety, stress or depression & back pain.

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Protection for you and your family

Have you ever thought how you would meet your mortgage payments if you were unable to work?

What if you become ill, have an accident or if you are made redundant?

Payment protection insurance can be taken out to help with this.

What is Mortgage Payment Protection Insurance?

Mortgage payment protection is sometimes known as accident, sickness and unemployment insurance
It is designed to cover your mortgage payment should you be unable to work as a result of accident, sickness or unemployment.

WE USE A RANGE OF OTHER INSURANCE PROVIDERS AND THEIR PRODUCTS MAY BE MORE SUITABLE FOR YOUR NEEDS

Be prepared for the unexpected.

Whilst we don’t like to think about it, thousands of people each year are diagnosed with a critical illness. If you suffer such an illness you are unlikely to be able to work, at least in the early days, so this type of insurance will provide you with a lump sum to allow you and your family to cope financially.

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What is critical illness insurance?

Critical illness protection will pay out a lump sum if the insured person survives a certain period, usually
14 to 30 days, after diagnosis of a critical illness which meets the policy’s definitions.

As with life insurance, critical illness protection can be taken out on a level or decreasing basis.
With level term protection the amount of cover remains fixed throughout the policy term.

Decreasing term protection is usually used to protect a repayment style mortgage with the cover designed to reduce in line with the mortgage balance.

Talk to us

We are happy to discuss your options and identify the best solution for you.
All protection policies have benefits and drawbacks. We will discuss these with you before we make a recommendation. Each provider has its own definitions of critical illness.  Pre-existing medical conditions will be excluded.

We will discuss this with you before we make a recommendation. These policies are not savings or investment plans so if you cancel your policy, you will not get your money back.

As with all insurance policies terms, conditions and exclusions will apply.

Protection for you and your family. Life cover can give you the comfort that your loved ones will be provided for financially should you die.

What is life insurance?

Life insurance is designed to pay out a lump sum should the insured person die during the term of the policy.

It is often taken out to ensure there is enough money to at least repay your mortgage.

There are three main types of life policy which can be considered:

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With a level term assurance plan the benefit remains the same i.e. level, throughout the term of the policy. This means that no matter how long the policy has been in force, the lump sum payout will be the same irrespective of when during the term of the policy, the insured person dies.

This type of cover is normally arranged to pay out at least sufficient to cover the full mortgage amount although it can be taken out for more. This type of life insurance would be recommended as a minimum if you have an interest only mortgage.

Alternatively, you could apply for a decreasing term assurance plan. The amount of cover under this type of plan reduces each year. Providing the initial sum insured and the term are the same as the mortgage and the insured person dies during the term of the policy, it should be sufficient to repay the outstanding mortgage balance.

Family Income Benefit (FIB) provides a tax free regular income which is paid out for the remaining term of the policy if you die. FIB can provide a replacement income and may be index-linked to inflation.
It is there to protect the family from the financial effects of a tragic early death of a breadwinner.

These policies are not savings or investment plans so if you cancel your policy, you will not get your money back. All protection policies have benefits and drawbacks. Drawbacks can include exclusions and limits to the amount of cover. We will discuss these with you before we make a recommendation.

As with all insurance policies terms, conditions and exclusions will apply.

Talk to us
As there are various ways life insurance can be arranged, we are happy to discuss your options to identify the best solution for you.

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