insurance in bristol ~ contents insurance in bristol ~ contents insurance in bath ~ life insurance in bath ~ life insurance in bristol ~ income protection in bath ~ buildings insurance in bristol ~ insurance in bath

Insurance in Bristol

Insurance

Life Insurance

The loss of a spouse or parent can leave dependants with additional issues to cope with other than the emotional. If you are inadequately insured, your dependants may be left with a dramatically reduced household income, which could affect their quality of life. Potentially there may be reduced opportunities for children such as the ability to pay for a university education or difficulties in maintaining mortgage payments on a reduced income.

In the event of your death, a lending institution will not write off your debt. Rather, they will continue to pursue the debt through your dependants and could, ultimately, foreclose on the loan meaning the loss of the family home.

Critical Illness

Critical Illness plans are built around the most common serious conditions, such as:

  • Cancer*
  • Coronary artery by-pass surgery
  • Heart Attack*
  • Kidney Failure
  • Major Organ transplant
  • Multiple Sclerosis
  • Stroke

Some policies may include other illnesses such as Alzheimer’s and Parkinson’s disease. Or may include a list of less common conditions, such as blindness or coma.

*Not all types of heart attacks are covered.
*Not all types of cancer are covered.

Income Protection / Permanent Health Insurance

Many people make the mistake of thinking that should they fall ill, have an accident or lose the ability to work, the State will step in. Wrong - the rules governing sickness benefit claims have changed dramatically.

Income Protection should be considered if you would not be able to maintain your standard of living on State Benefits alone.

If your regular outgoings are normally met from income, then taking away that income can have drastic and wide ranging implications including inability to meet mortgage and loan payments, as well as basic household bills and living costs.

Buildings Insurance

If you don't have this type of cover, you will be responsible for the cost of repairs. Cover generally includes:

  • Damage caused by fire or flood
  • Subsidence
  • Storm damage

These are just a few of the perils covered. The policy can also be extended to protect your property against events like accidental damage.

Contents Insurance

The cover provided can vary and most providers will offer additional protection, at a cost, for things like:

  • Personal belongings including cash etc) inside and outside the home
  • Individual items valued over a specific amount
  • Freezer contents

These are just a few of the extras available. The basic contents cover may not provide all the cover you require and additional areas of cover can be purchased to suit your individual needs. Discounts may be available for those in a neighbourhood watch scheme or for those with a burglar alarm etc.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for this service and advice. The exact amount will depend upon your circumstances but we estimate it will be no more than 1%. We do offer a Fee Only option and the fee for this is typically 1% and the commission paid is rebated to you.

For Self-certification products the overall cost for comparison is 7.9% APR and for sub-prime products the overall cost for comparison is 8.7% APR.

The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at customers based within the UK. The Financial Services Authority (FSA) does not regulate secured loans, commercial loans or buy-to-let mortgages.

For advice on any of the above Contact Us now.