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I’m renting - is insurance important?

If you are asking yourself if you need insurance while renting. The answer is yes! Think about everything you own. All the bills you have to pay. Would you be covered to replace everything and your income if you couldn’t work? Here is where insurance helps!

There are different types of insurance. From income protection. To content insurance. (Think of your furniture, electronics, jewellery, clothes, and more!). And of course. Car insurance. The definition of insurance is to reduce risk. 

Research  shows that over half of private renters in the UK have no form of financial protection in place. Despite one-third needing to take extended time off work.

You have to ask. Could you last one month and still support your family? What about if you couldn’t work for an extended period?

There are approximately 15.8 million people privately renting in the UK. According to the FCA. Some common reasons why people don’t have insurance include the following:

-    Not even thinking about it
-    Not feeling they have a reason to take out protection
-    Cost

We are here to help with all these factors. And we’ve started on the first point! We’ve explained why you do for the second point. And finally, contact us today to find a price that will suit your budget. 

If you’ve seen a loved one need insurance. Or maybe you have children now and have more to think about. We can help you with policies that protect you. Reduce risk. And ensure you aren’t financially vulnerable. 

Do you have family you think could use this advice? Feel free to forward them this email and our contact details. 

Buying an insurance policy against serious illness or loss of income is for everyone. Guarantee financial security, meet outgoings, and keep a roof over your head at any stage of life!

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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.


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