Insurance is a vital form of financial protection in case something untoward happens. You should insure your property against all-risks, most mortgage lenders will require this anyway. You should also insure your personal possessions separately – though many lenders offer comprehensive contents cover which is worth thinking about.
There are now many types and variations of mortgage, but the minimum we would recommend would be mortgage protection insurance just in case anything should happen to you when it should, at least, pay off the outstanding mortgage.
This is an important aspect of any house purchase, and you must
take good advice. Our financial adviser will be able to show you various schemes
tailored to suit your individual requirements. Remember, the house becomes your
responsibility from exchange of contracts so you ought to insure from that point
in time, just in case.