Mortgage protection insurance pays out a lump sum which is sufficiently large enough to pay off the outstanding debt if you die before the end of your mortgage term.
Policies can be taken out in joint names and if one of the policies holders dies the policy benefit is paid directly to the lender and if there is an amount left over this can pass to the joint holder.
Mortgage lenders will require you to have a policy in place before you can draw down your mortgage.
As insurance brokers we are not tied to any particular bank or institute. We will research the market on your behalf and advise you on the options available.
Its important that you get the best value and highest quality mortgage protection cover available. We aim to always offer the best coverage at competitive prices.
At Lloyds we can offer mortgage protection on a dual lie basis for the same price as joint life. This would get you double the cover at no extra cost.
Call Lloyds today 01 531 0900 or request a quote online for advice on mortgage protection.
“Liability insurance” or “third party insurance” is the term used to describe a product that provides the insured party protection against claims arising from injury or damage to a third party or their property.
Any legal expenses and payouts that an insured party is accountable for if they are proven legally liable are covered by liability insurance plans. Liability insurance, unlike other forms of insurance, pays third parties rather than policyholders.
Every type of business need some form of liability insurance. Liability insurance is required if you work as a tradesperson, operate a shop, office, or factory, or organize an event.
The main types of liability insurances that can be purchased are
Public Liability
The purpose of public liability insurance is to protect your company in the event that you are sued by a third party who claims they have suffered a loss as a consequence of negligence.
Employers liability
Employers Liability Insurance protects your company against legal liability in the event of an employee’s accident, illness, disease, or death while on the job.
Products liability
Product Responsibility Policy offers coverage for legal liability resulting in injury, loss, or damage as a result of items sold or provided, or labor or services performed in the course of your business, up to the amount of coverage specified during any one insurance term.
Call Lloyds Insurances today 01 531 0900 for a quote on liability insurance or request a quote online and we’ll take it from there!
Life insurance is not something that you should avoid or delay considering. You or the people that depend on you could need life insurance at any time.
But how do you find out what policy is for you and why exactly would it be necessary or beneficial for you?
Why do you need life insurance?
Insurance in general is a means to manage and minimise risk. Different outcomes and events can have different probability to occur and different financial consequences. Life insurance does not insure you against a potential risk; it insures you against a certainty; death.
Usually life insurance is necessary to aid any dependents you have that would be negatively financially impacted by your death. Life insurance can be a way for your dependents to pay off a large debt or mortgage on a home or asset you wish to bequeath in your will.
If you have a spouse, children or other dependents then you probably don’t want them to have to change their lifestyle, deal with financial uncertainty or even having to move, losing their home as well as a loved one. Life insurance can help cover all of these worries. Life insurance can ensure that dependents are able to keep the family home and can even cover regular cost of living expenses and plans for the future.
A life insurance policy could still be useful even if you are a single person with no dependents. It can help cover debts and unavoidable end of life expenses such as funeral arrangements. Life insurance can also allow you to leave behind money to any other loved ones.
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