Life Insurance
Life cover can provide a lump sum for your family, to be used either for repaying the mortgage or simply providing a lump sum at a difficult time so that your family do not need to worry financially without you around. This can ensure that they are protected financially, with either a lump sum or a monthly income for a specified period of time. There are many different types of life insurance policy, so please get in touch to discuss your most suitable options.
Critical Illness Cover
Like life insurance, critical illness pays out a lump sum or a regular income (Aviva, Legal and General, Zurich, Guardian can pay out on a monthly basis for Critical Illness cover), but in the event of you suffering a specified serious illness, and this illness does not need to be terminal. The proceeds can be used for any purpose that you like but are often used to repay a mortgage or pay for private medical care or modify a home. Some conditions have certain restrictions, for example, they need to have reached a certain level of severity before the insurer will pay out.
Income Protection
Income protection provides you with a monthly figure in the event of your being unable to work due to an accident or sickness. The monthly figure is set by yourself up to a certain maximum level and will continue to be paid until you either return to work, or the plan ends. The plan is designed to supplement your sick pay from work so that you don’t have to worry about paying your bills and other expenses at a time you should be focusing on recovering. Normally the maximum you can insure yourself for is up to 70% of your salary.
Accidental Sickness
This type of plan is similar to an income protection, in that it will give you a regular income in the event of you being unable to work due to accident and sickness. However, this type of policy will generally only pay you the monthly figure for a year before the payments will stop.
Home Insurance
Home insurance provides financial protection for your property and belongings against unexpected events such as fire, flood, theft, vandalism, or storm damage. In the UK, it typically consists of buildings insurance, which covers the structure of your home (including walls, roof, and permanent fixtures), and contents insurance, which protects your personal possessions inside the home. You can choose either type individually or combine them into a single policy, with cover levels set by you based on the value of your property and belongings. Home insurance helps ensure that, if the worst happens, you are not faced with the financial burden of repair, replacement, or rebuilding, giving you peace of mind and security for you and your family.
Landlord insurance
Landlord insurance is designed to protect property owners who rent out residential properties in the UK. It typically covers the building itself against risks such as fire, flood, storm damage, and vandalism, and can also include cover for landlords’ contents such as furniture and appliances provided to tenants. Policies can be extended to offer additional protection, including loss of rent following an insured event, property owners’ liability, and legal expenses. Landlord insurance helps safeguard your investment and provides financial reassurance, allowing you to manage your rental property with confidence.
Buy to let property insurance
Buy-to-let property insurance is specifically designed for properties purchased with the intention of being rented out in the UK. It provides cover for the building against risks such as fire, flood, storm damage, and vandalism, and can also include landlords’ contents where furnished. Policies often offer optional extras such as loss of rental income following an insured event, property owners’ liability, legal expenses, and cover for tenant-related risks. Buy-to-let insurance helps protect your property investment and rental income, giving you peace of mind while letting your property to tenants.
Portfolio landlord insurance
Portfolio landlord insurance is designed for UK property owners who manage multiple rental properties. It allows several buy-to-let properties to be insured under a single policy, providing comprehensive cover for buildings and, where applicable, landlords’ contents against risks such as fire, flood, storm damage, and vandalism. Policies can also include valuable additional protection such as loss of rent, property owners’ liability, legal expenses, and cover for unoccupied properties. Portfolio landlord insurance offers a convenient and cost-effective way to protect your property portfolio, helping you manage risk while simplifying administration.
Additional information
Amit Bhardwaj is a Mortgage & Protection Adviser with Match Mortgages Limited.
Match Mortgages Limited is authorised and regulated by the Financial Conduct Authority (FCA) under reference number 983246 for mortgage, insurance, and consumer credit mediation activities only.
The information contained on this website is subject to the UK regulatory regime and is intended primarily for consumers based in the United Kingdom.