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Flexible insurance for when you need it
Martin Strong • 9 September 2020
Insurance for anyone
It's all too easy for us to put our head in the sand when it comes to thinking about our protection requirements. People tend to find it challenging to engage with the topic as it involves thinking of negative potential scenarios. In reality, this is the reason to put it to the top of your ‘to-do list’. Life is hopefully rosy but being prepared for any eventuality is truly priceless.
One important type of protection worth serious consideration is accident and injury cover. Life’s an adventure, we don’t always know what’s waiting for us around the corner and if the unexpected happens, you deserve the peace of mind that you’ve got things covered financially.
You can take out cover from the age of 18 to 60, without any health questions.
The cost of your policy will remain the same, even if you make a claim or as you get older.
Policies pay a fixed amount of money for specific injuries, depending on the level of cover.
Flexible cover, tailored to your needs
We can advise you accident and injury cover for your circumstances that provides financial support covering a range of accidental injuries, from a broken bone, to one that could seriously impact your life.
The flexibility of cover available is one of the major benefits, in addition to the ability to choose the level of cover that is tailored to your individual requirements and lifestyle; and suits your budget.
Core cover includes broken bones, accidental death and permanent injury, permanent disability, funeral benefits and UK hospital stays.
Some policies give you optional cover add-ons like protecting your children, active lifestyle cover and healthcare cover, for those who may be at particular risk of contracting certain illnesses, such as those who work in the healthcare sector.
With accident cover you can make multiple injury claims and your policy will continue to protect you in the future.
The last few months have provided the perfect opportunity to take stock of your finances and protection cover; you may be thinking about reducing your outgoings, but protection policies can provide a lifeline when you need it most.
For a cost-effective way to look after yourself and your loved ones, so you’re ready for the unexpected, we can help ensure all of your protection needs are covered. Then you can enjoy life, unclouded by concerns of what might happen if you’re ill, injured or need to spend time in hospital.
As with all insurance policies, conditions and exclusions will apply
Both the funeral and accidental death benefit once paid out, will end the plan.
Age restrictions apply on child cover
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Contrary to costs such as legal fees, estate agency fees or Stamp Duty, having your new home surveyed isn’t actually compulsory. However, with a property being the most expensive thing most of us will ever buy, the price of not having it checked by a surveyor could be devastating. If you buy a property for the seller’s asking price and later find it has serious defects, it’s too late to back out of the purchase or renegotiate a price with your seller. You’re also likely to find yourself paying out to rectify the fault – and probably a lot more than you would have paid for a survey in the first place! A survey to suit your needs There isn’t just one type of survey available – you can get different ones that range in cost, according to the kind of property you’re buying: Condition report What is it: a basic overview of the property that only highlights the most significant defects; it doesn’t go into detail. Suitable for: those buying a relatively new homes in good condition. Homebuyer report What is it: a more comprehensive survey that highlights obvious defects such as damp or subsidence. It will include advice on any necessary repairs or maintenance and may also include a valuation or an estimation of rebuild costs. However, it’s not an intrusive survey, meaning the surveyor will only be picking up on visible issues. Suitable for: those buying a standard property in a reasonable condition. Building survey What is it: the most comprehensive type of survey, which looks at the property’s structure and condition, lists any defects and advises on repair and maintenance work. Unlike a homebuyer report, this is a much more hands-on survey, so the surveyor will do things like going up in the loft or looking under floorboards or behind sofas. Suitable for: older or listed buildings, or properties that are in poor condition or have an unusual design or structure. But what if I’m buying a new build? Even though it’s tempting not to have a new build property surveyed, there can still be issues with new build homes that could be costly to repair. If you’re buying a new build, you’ll need a slightly different survey called a snagging survey. It identifies any defects with new build homes, from cosmetic issues to structural problems, which the developer will then have to fix within the two-year warranty period. We can help As a member of Openwork, we can refer you to our specialist Surveying Service, which offers access to a large network of approved surveyors across the UK. For your peace of mind, get in touch. Surveying is not regulated by the Financial Conduct Authority.
Get to know your SVR
When you get a mortgage the lenders will want to do some checks to confirm you have the income to pay the new mortgage and they will ask for documents from you. We work out from the documents you give us which lenders will lend you the new mortgage. We understand what lenders are looking for so we can put you in the best position. Get in touch and we will be happy to help.
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We understand that from time to time our clients may find themselves dealing with circumstances that could mean they are potentially vulnerable. For example, a change in health, caring for a family member, or coping with the loss of a loved one. There are many different types of vulnerability, and what makes one person vulnerable might not affect someone else. When we are vulnerable, our need for financial advice may change. However, admitting vulnerability or seeking help can sometimes feel hard.
If this is something you would like to discuss with us, please ask for a copy of our support guide or download a copy here. This guide is designed to help explain vulnerability and the ways in which we might be able to support you. If you feel any of the circumstances in the brochure apply to you, please talk to us
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Strong Mortgage Solutions is a trading name of Martin Strong which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
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