General Insurance
PK Mortgages - General Insurance
The simplest way to describe home insurance is that it is a type of property insurance that helps protect your home and belongings from damage or loss due to events like fire, theft, storms, and more.
We provide a personalised service, because we know that each policy needs to be as individual as its owner. This is why we get to know you, to find out exactly what you need from your home insurance and guide you through the process, getting to know you and finding out exactly what you want from your home insurance. Ultimately, whether you need to make a claim, purchase a new home policy, or renew an existing one, we’re here to help.
Home insurance
Whether you are buying a new property or looking to remortgage, it is compulsory to take out home insurance when you take on a mortgage. If you are purchasing a leasehold property, this is covered by a maintenance charge. If you are buying a freehold property, you will have to insure the building yourself.
Buildings, Landlord& Contents Insurance
Buildings insurance covers the actual structure of your home. It will always include the main building and can be extended to cover outbuildings, such as sheds and garages, as well as fences and garden features, such as swimming pools. Buildings insurance is only a consideration if you own the whole property. If you own a flat, the liability to cover the buildings insurance is apportioned between all the flat owners. This is sometimes covered under the Service Charge.
If you are a homeowner, having buildings insurance in place would normally have been a condition of your mortgage. Even if your house has no mortgage on it, it is still advisable to take out buildings insurance in case of fire, flood, subsidence, storms, lightning, theft or vandalism, water or oil leaks, and damage caused by falling trees, branches or other objects. It will also cover the reinstatement cost of the building without any unnecessary financial burdens on you or your family.
Contents insurance
Contents insurance covers practically everything inside your home, including furniture, household goods, food and drink, TVs, computers, clothing and valuables, usually up to a specified limit. This policy pays out if any of your home contents are lost, stolen, vandalised or accidentally damaged, for example by fire, explosion or leaks.
Landlord insurance
Landlord insurance provides financial protection to landlords who rent out property to tenants. It differs from a home insurance policy as it covers the increased risks associated with renting. It can include buildings insurance, contents insurance and property owners’ liability insurance, and can cover loss of rent following a claim.
Landlord insurance is not a legal requirement; however, it is vital to protect your financial investment. If you have a mortgage on your property, your lender may require you to take out insurance before you take on tenants.
Whether the property is a short, medium or long term investment, it is wise to put the correct protection in place, if only for peace of mind. As a landlord, you may be faced with unique challenges and additional financial outgoings to ensure that the property is kept up to standard.
The most essential cover is buildings and contents. Landlords can take out additional insurance policies to cover:
- Damage to the rental property by the tenant
- Non-payment of rent
- Emergency overnight accommodation for the tenant
- Emergency repairs
- Liability for loss or injury related to the rental property
- Loss of rent and cost of alternative accommodation if the tenant has to vacate the property
We provide free consultation and the best services possible to our clients with 100% satisfaction and want to be there for the lifetime of our clients. Once you’re with us, you won’t need to find the mortgage and protection services anywhere else.