UK Pensions | Loans | UK Mortgages | Credit Cards
 

How to Get Your Best UK Insurance Quotes


Insurance Types

BICYCLE Insurance

BUSINESS Insurance

CAR Insurance

CAMPERVAN Insurance

CARAVAN Insurance

COMPARISON Websites

HOME Insurance UK

HORSE Insurance

LIFE / Personal Insurance

Insurance for Loans

MEDICAL Insurance

MOTOR Insurance

MOTORHOME Insurance

PET Insurance

STUDENT Insurance

TRAVEL Insurance

WEDDING Insurance

Quote Insider


About Us

Who Recommends Us?

Who Are We?

Contact Us

Terms of Use / Legals

Data Protection


Our Other Websites

UK Mortgages

UK Loans

UK Pensions

UK Credit Cards

UK Personal Finance Info

MONEY SORTER HOME

Insurancesorter is a trading style of Moneysorter Ltd which is an Introducer Appointed Representative of Click Financial Limited authorised and regulated by the Financial Services Authority: FSA Register number 311877

 
Life Insurance Best Buys Car Insurance Tips Life Insurance Tips Find a Quote
Life| Car| Caravan| House| Pets| Travel| Student| Weddings| Medical| Business| Mortgages

Home / Mortgage and Life Insurance Buying Tips

Shop Around

Only buy cover you need

Make sure it covers you

About insurance 'tie ins'




Shop around

Think twice about getting a home insurance policy from your bank, building society or mortgage lender. It will probably be more expensive.

Go directly to an insurance company or via an insurance broker. You should be able get something cheaper - and it may even give better cover (watch out that this is not negated by any significant tie in to your mortgage lender).

As always, shop around. The cost savings and quality of cover vary greatly.

Get at least Three Quotes

You'll easily find differences of up to �150 a year on Mortgage Protection Insurance premiums. That adds up to �3,750 over a 25 year mortgage term.

You'll easily find differences of up to �66 a year on Buildings and Contents Insurance premiums. That adds up to �1,650 over a 25 year mortgage term.

You'll easily find differences of up to �480 a year on Life Insurance premiums leading to a difference of �12,000 over a 25 year mortgage term.

Bear in mind that higher prices do not necessarily guarantee higher quality in the wonderful world of financial products.

Back to tips list or Main contents



Only buy the cover you need

The major rule with getting insurance of any type is to only get what you need.

For example a single person with no dependents probably doesn't need life insurance. They probably only need to consider Permanent Health Insurance.

So don't get too much.

But, perhaps more importantly, definitely don't get too little insurance cover.

If you have dependents actively seek out Life Insurance and probably also Permanent Health Insurance.

It is now compulsory for lenders who sell life insurance policies with their mortgages to include the cost of it in the headline interest rate.

However, because many buyers will just look for the lowest headline rate some lenders are not selling life insurance, but are only recommending it's taken out.

This is leading to less life cover being taken out.

Make sure you're covered for your needs.

Back to tips list or Main contents



Make sure it really does cover you

Another thing to bear in mind is that just because an insurance company has sold you a policy this does not mean you're eligible to claim on it.

To make sure you are fully covered you can challenge them to confirm in writing that your particular circumstances are covered.

Back to tips list or Main contents


UK Insurance Guide Information © Moneysorter Ltd | Author: By Ed Parry 1999 - 2013