Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Top five insurance policies to take out

Part of our ‘stay safe and stay smart’ campaign naturally includes insurance. With the cost of living skyrocketing, we look at which insurance you really need, plus how to save money without facing expensive premiums.

Income Protection

Unfortunately, many people often avoid this one. The thought is very scary. Imagine losing your income due to illness or injury. However, if you get caught out, you could be in a serious position. Instead, choose a policy that provides enough coverage to maintain your current lifestyle even if you can no longer work.

While income protection insurance and employers’ liability insurance both pay for disabilities, income protection is not limited to disabilities or injuries at work.

Life Insurance

Life insurance protects your loved ones who are financially dependent on you. If your parents, spouse, children, or other loved ones would face financial hardship if you died, consider how much you earn each year (and how many years you plan to remain employed). Then purchase a policy to replace that income in the event of your untimely demise. Factor in the cost of burial too, as unexpected costs can burden many families.

Private Medical Insurance

Despite having the incredible NHS in the UK, health insurance should be high on your list. Often, policies can collaborate with some services available on the NHS, saving you money. This could be due to long wait times, the unavailability of specialist doctors, or the kind of hospital care you require, such as a private room. Having five-star service is particularly important when searching for a diagnosis or if you are unwell.

Don’t wait until you need it to take out a policy. Many insurances have a waiting period, and you may not be able to get insurance if you have a pre-existing condition.

Homeowner's Insurance or Renter’s Insurance

We don’t need to tell you this twice, but imagine having to pay to replace all your furniture, appliances, or clothes. The cost would be much higher than taking out homeowner's insurance or renter’s insurance! Equally, can you afford to rebuild your house while still paying the mortgage? It’s a no-brainer.

Car Insurance

Last but not least! Car insurance is a must in the UK. In fact, it’s illegal to drive without it. However, coverage can vary depending on your policy, so ensure you are completely protected.

How to save money when buying insurance:

  1. Check that the policy covers what you need and doesn’t include unnecessary items that increase the price. Check exclusions and excess amounts.
  2. Always answer the insurer’s questions honestly; otherwise, you may waste time buying cover.
  3. Before auto-renewing, check for a better, more competitive deal elsewhere.
  4. Renew as early as possible to get the best price.
  5. If possible, consider paying annually; it can be more expensive to pay your premium monthly by direct debit.
  6. If your needs are complex, find an insurance broker through the British Insurance Brokers’ Association or consult your financial adviser.
  7. Instead of buying expensive mobile or appliance cover, consider self-insuring: Save the money it would cost to replace the item in a savings account, and keep it if you don’t need to use it!

Speak to an adviser about your insurance needs

SPEAK TO AN ADVISER

Related

Easter Holiday Money Saving Tips: Enjoy Your Break Without Breaking the Bank

Easter Holiday Money Saving Tips: Enjoy Your Break Without Breaking the Bank

Easter Holidays are a time for rest and relaxation, but they can also put a strain on your finances....

Read More >
Burglary rises when the clocks go back: is your home at risk?

Burglary rises when the clocks go back: is your home at risk?

Burglary statistics reveal a strange fact. Each time the clocks go back one hour for Daylight Saving...

Read More >
Top tips: how to improve your chances of securing your dream home

Top tips: how to improve your chances of securing your dream home

Property buyers are forced to compete hard in many markets. So, how can you improve your chances of ...

Read More >
Supporting a Self-Employed Single Mum with Critical Illness Cover

Supporting a Self-Employed Single Mum with Critical Illness Cover

We recently encountered an interesting real-life scenario, and we thought it would be helpful to sho...

Read More >
Why the need for money from our homes in retirement is changing

Why the need for money from our homes in retirement is changing

When it comes to money tied up in your home and unlocking this, there are a range of reasons why Lif...

Read More >
Health Insurance and Buying a New Home: Why They Go Hand in Hand

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...

Read More >

What our clients say...

Latest Blog

Your Guide to Medical Underwriting

Let’s be honest, insurance can often feel a bit overwhelming when going through the fine print! Whe...
Read More

When Might an Insurer Not Pay a Claim?

We often get asked, when might an insurer not pay a claim? I understand how frustrating it can be wh...
Read More

Have You Heard of the Term ‘Mortgage Prisoners’?

If you’re a homeowner in the UK, you might have heard the term “mortgage prisoner” being thrown a...
Read More

Life Cover Isn’t a Nice Option to Have - It's Essential

Life is unpredictable, and the thought of what would happen to your loved ones if you were no longer...
Read More

Why It Pays to Speak to a Mortgage Broker Six Months in Advance

When it comes to buying a property or remortgaging in the UK, most people don’t think about mortgag...
Read More

Top tips: How to Boost your Income

We’ve scoured the internet and swapped tips around the office to find simple (and sometimes a bit c...
Read More

Health Insurance Isn’t Just for Emergencies

When people think of private health insurance, they often imagine it’s only there for the big stuff...
Read More

How Homeowners Over 55 Can Fund Their Garden Retreats

Over the past few years, many homeowners have discovered the value of creating dedicated spaces in t...
Read More

Buildings & Contents Insurance Has Your Back

When disaster strikes, from a burst pipe, a kitchen fire, or a break-in, you need buildings and cont...
Read More

Understanding Protection vs Insurance: What’s the Difference?

You may have heard the terms “Protection” and “Insurance” (like critical illness insurance and l...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top