Buildings and Contents
Buildings insurance is the ONLY insurance that the majority of lenders will insist that you take out when you are buying a freehold property. It is essential that the interest of the lender be noted on this policy and is one of the areas that your solicitor will usually check prior to completion of your new mortgage.
It is surprising how many people consider that all Buildings and Contents policies are exactly the same, just that some providers charge a lot more than others!
As a company we will only recommend providers whose policies meet Defaqto 4 or 5 star ratings and will always recommend that you choose a policy featuring Trace and Access cover.
DeFaqto are an independent company that compare every Buildings and Contents policy against certain industry approved benchmark criteria and rate the policies between 1 and 5 stars. Taken from DeFaqto's own website they explain - "The higher the Star Rating, the more comprehensive a product will be. Products rated 1 Star are a basic product, with a low level of features and benefits, while 5 Star products provide the highest level of cover with a comprehensive range of features and benefits, and must meet additional minimum criteria in certain areas."
We firmly believe that it is rather futile paying for insurance that may not pay out at a time when it is needed the most because "such and such isn't covered on our policy".
DeFaqto 5 star policies provide a most comprehensive level of cover for your peace of mind and security.
We also have access to highly competitive cover for landlords whether for a single property or a 50 property portfolio again choosing from DeFaqto 5 star rated policies!
As with all insurance policies, conditions and exclusions will apply.