The insurance covers damage to the mortaged property and/or its contents in a veriety of specified scenarios. It is compulsary for alll lenders, and if the lenders own insurance is not taken they will often charge an administration fee. Some lenders attach mandatory insurance cover to thier most attractive rates, although this is increasingly uncommon.
This is combined insurance, which may be cheaper than one policy for buildings insurance and another separate policy for contents insurance.
A combined insurance policy which covers both the cost of rebuilding or repairing the structure of the property and also includes cover for damage/loss to the property contents.
This is combined insurance which covers the cost of building or replacing the structure of the property and also the cost of replacing the damaged contents. This may be cheaper than taking out two separate policies.
This insurance covers damage to the mortgaged property and/or its contents in a variety of specified scenarios. It is compulsory for all Lenders, and if the Lender's own insurance is not taken they will often charge an administration fee. Some Lenders attach mandatory insurance cover to their most attractive rates, although this is increasingly uncommon.
Buildings and contents insurance can often be purchased together protecting both the building structure and your belongings and possessions inside.
This insurance is designed to cover damage to the mortgaged property and/or its contents in a variety of specified scenarios. Most Lenders insist on at least Buildings Insurance being taken out. If the Lender's own insurance is not taken they will often charge an administration fee. Some Lenders attach mandatory insurance cover to their most attractive rates, although this is increasingly uncommon. It is usual to place buildings insurance “on risk” from exchange of contracts.
