Home insurance

If you don't have a mortgage and own your property outright it is also highly recommended to insure your property against unforeseen circumstances. 

Virtually every home in the country will have this type of insurance just for that reason, and it could end up proving to be very costly if you do not take the cover out.

Buildings Insurance ensures your home is protected against unforeseen events such as fire, flood, storm damage, theft and subsidence - all of these can cause extensive damage and be very costly to fix.  This insurance covers the costs of repairing or rebuilding the structure of your home should it be damaged or destroyed and also includes your outbuildings, fixtures and fittings, patios and sheds.

Having Contents insurance means you can rest assured that your possessions are protected from life’s unfortunate events, such as theft, fire, flood, loss or damage. It is not compulsory like buildings insurance, but it is essential if you want to protect your valuables.

Generally, there are two types of contents insurance available; indemnity policy and 'new for old' policy. The indemnity insurance is the cheapest available and covers items by a wear and tear policy. For example, if a carpet was spoiled by paint then the claim would reflect how old the carpet was and pay out accordingly. On the other hand, 'new for old' policy is more expensive but would pay the full amount for a brand-new carpet.

Many content insurance providers offer accidental damage as an option, but usually you will pay extra if you want this cover. Cover for extra items can be bought if needed such as expensive jewellery, antiques and also your fridge freezer in case of power failure which means you can claim for the contents of your fridge/freezer.

And this isn’t just theory, we’ve seen the real-life benefits first-hand. Our own Managing Director lost her wedding ring while on holiday, and her contents insurance policy covered the cost of a replacement. Another team member experienced fire damage in their home, and their payout helped them replace essential belongings quickly and without financial stress.

At Mortgage Light, we believe peace of mind is priceless, and having the right contents insurance in place can make all the difference when life throws you the unexpected.

Landlord insurance is essential for keeping your investments safe.  This type of insurance not only covers the same type of protection that your usual home insurance does, such as cover for buildings and contents in the event of a range of circumstances, but it will also include other landlord specific risks such as non payment of rent, damage to your property.