Insurance Available with Central Mortgages

Therebs an abundance of varying insurances available to individuals, and they are often shoved at us, without us really knowing what they are; just that we apparently need them.

Having insurance can guarantee a lot of things. It can keep your belongings safe, protect your familybs prospects in the case of your death, provide financial assistance, and can even help cover landlords against major issues that happen to their properties.

Central Mortgages offer several types of insurance:

Life Assurance. This insurance is designed to protect your mortgage or your family. Itbs a contract between an insurance company and the insured person, which states that the insurer will pay a designated person a sum of money upon the death of the insured person. This sum of money is tax-free, and is usually taken out over a fixed term.

Critical Illness Cover. Upon the diagnosis of a specified illness, this insurance policy would also provide a tax-free sum of money. It takes Life Assurance insurance one step further, by covering critical illness, rather than just death. It some cases, it may be advised that you have both.

Buildings & Contents Cover. This insurance covers financial losses for major damage in the home caused by things like fire or flooding.

Landlords Insurance. Central Mortgages offer this specific insurance to Buy to Let landlords. You can apply for various stages of insurance cover b from basic fire and flood damage cover, to the more comprehensive buildings cover, which can cover legal costs and rent loss.