Financial hardship usually occurs as a result of something unforeseen. Whether it be an untimely death, accident, illness or damage to your property this can result in a strain on finances.
With the right level of planning such financial hardship can be avoided and allow you to maintain your standard of living. There are a large number of options available to you and speaking one to one with an experienced advisor will help you put those plans in place.
Our advisors will review your existing arrangements and can also provide illustrations for any of the following:
When buying a property to lease out it is important that it is adequately insured, and if you have a mortgage over the property it will be a condition of the mortgage offer to have appropriate insurance cover in place. Cover for buildings only or combined buildings and contents is available and this will largely depend on whether the property is leased on a furnished or unfurnished basis. Even if a property is leased unfurnished you should still consider insuring fixtures and fittings such as carpets and white goods. You should remember that standard home insurance policies do not cover leased properties, but there are landlords policies specifically designed for the leasing market which include landlord’s liability. Please feel free to contact our Financial Services Department who will be happy to discuss your exact requirements with you.