Buildings & Contents Insurance

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When purchasing a property, mortgage lenders in the UK require that the property is “under risk”, with an appropriate buildings insurance cover, before exchanging contracts. This prerequisite insurance requirement is to protect the lenders’ interest in the property. After completion, the lender requires that the policy must be maintained, uninterrupted, throughout your ownership.
Buildings and contents insurance is available for individuals and landlords. It’s a mandatory requirement for a mortgage lender, whether you’re purchasing a property or remortgaging your property.
Buildings Insurance Cover insures:

  • The property’s structure and its permanent fixture and fittings, for example bathroom suites, fitted kitchens, windows and doors, floors, ceilings, walls and the roof, typically against fire, subsidence and damage from burst pipes, flooding and other insurable incidents.

Contents Cover insures:

  • Your personal belongings against damage or loss caused by theft as well as a fire or gas explosion. It will also insure  against flood damage, storm and water leakage. This type of insurance provides you with peace of mind by protecting your home’s structure and the contents within it. Within these policies, you will likely find many options such as Accidental Damage, Personal Belongings Cover, Home Emergency Cover and Legal Expenses Cover. 

At Apex Financial Consultants, will ensure that you end up with the right policy for your requirements. We can find you the best rates with a variety of trusted service providers.