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August 2009 Newsletter – Home & Contents Insurance

August 20th, 2009 | No Comments | Posted in Monthly Newsletters

Recently the Association of British Insursers (ABI) carried out a survey which revealed that almost 25% of UK consumers have cancelled or not renewed their home contents insurance. The reason for this has been cited as people cutting back on their outgoings due to the effects of the credit crunch. The ABI results also revealed that a further 17% of those surveyed had cancelled or not renewed their buildings insurance cover either.
flood123If you have recently cancelled a buildings and contents policy or are considering doing so, it is important to be aware of the financial risks you could be exposed to should you experience damage or loss to these assets. Purchasing the right insurance policy for the level of cover you need ultimately ensures that you will be adequately protected should the unexpected happen.
The good news is that buildings and contents policies are competitively priced and that by speaking to The Mortgage Store we can advise you on the most suitable policy for your circumstances. Even if you already have a policy in place it is still worth reviewing this with us as we can ensure that the cover you have is still relevant to your situation. Contact The Mortgage Store on the details below to discuss the options available and to ensure that you are protected against the unexpected.
Additionally if you have a mortgage secured on a property it is often a legal requirement from the lender for you to have appropriate buildings cover in place in order to protect their collateral for the loan. Without this you could not only be vulnerable to financial hardship should the worst happen but may also be in breach of the terms and conditions of your mortgage agreement.

It can be tempting to try and save money by cutting back on your buildings and/or contents insurance policies, but experts agree that this is a false economy. Buildings and contents insurance will provide you with the peace of mind and financial protection that any damage to your home; accidental or otherwise can be covered. You can avoid unexpected expense and offer long-term security for both yourself and your family by ensuring you have suitable cover in place.
For further details or to arrange an interview please use our ‘Contact’ Page

For a PDF version of this newsletter please click the PDF icon: The Mortgage Store Newsletter August 2009 PDF

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  • The Mortgage Store (TMS Ltd.) is a firm of professional Advisers who specialize in all types of Mortgages and Related Insurance Services.

    For Free Advice on Mortgages and related Insurance Services or Use our CONTACT Page to send us a message

  • FEES:
    We are normally only paid by way of commission from the lender, Alternatively you can choose our Fee Only option where you pay us a fee instead and we rebate our lender commission to you. Depending on your circumstances there might be an additional fee charged for mortgage advice, and if so it will not exceed 1% of the mortgage amount.
    Your home may be repossessed if you do not keep up repayments on your mortgage.