Protection & Insurance
Helping you look after you and your family
Our families are the reason all of us work hard, make sacrifices and commitments. One of the main commitments is to your family’s safety and stability. Through the various financial protection policies available, you can ensure their safety and stability even in your absence, or if there were an illness.
Life Insurance
Life Insurance is a policy which covers your life. If you were to die, your family and loved ones would be financially covered through a lump sum payment. This payment amount can be decided when taking out the policy, and is recommended to cover your mortgage as well as any additional bills whilst your family are grieving in particular.
Whilst at your appointment with us, we will discuss your current circumstances, what would need to be covered in your absence, and what type of life insurance you would be looking for. We understand thinking of the worst case scenario can be overwhelming and upsetting, however it’s for the best of your family and loved ones. We have family too, and we want the best for your family.
Home & Contents Insurance
Your home is everything you have worked hard for, and what you continue to work hard for. It’s more than a roof over your head, it’s your family’s safe space. That’s why your home deserves to be protected, and to be properly covered. As part of your mortgage contract, it is mandatory to have buildings insurance.
We can guide you through a plethora of home insurance options, for both buildings and contents. We can provide advice on the suitable levels of cover, also what is included or excluded by different providers. Devastating damage to your home may not always be preventable, however having the right level of cover and peace of mind for if the worst was to happen is priceless.
Private Medical Insurance
Private medical insurance is an insurance policy which covers the treatment costs, and associated costs of private healthcare. This would be an alternative to using our amazing NHS. Due to current climates our NHS are under huge pressures, and by having private health care cover, it could mean receiving medical attention quicker, also being offered alternative treatment.
Even common medical conditions are covered such as back pain and digestive issues. Similar to life insurance and critical illness cover, the insurance can be paid for monthly. With private medical insurance you have the peace of mind that if you or a loved one require medical attention, and if the situation permits private use, you can be covered by your policy.
Business Insurance
Business protection can really help keep your business running, if a key earner was not part of the business any longer, or they were unable to work due to illness, could the business continue to function at the same level or pay this employee for a long period? When a business starts earning money, it’s important to start looking after it and think about securing the business’s future.
When it comes to protecting your business, there are different elements to consider. It is important to protect your premises, equipment and other assets. There is also the importance of protecting any employees, as well as public liability as well. To find out more, and for advice on what insurance needs your business may have get in touch.
Critical Illness Cover
Critical Illness cover gives you that peace of mind that if you were to become critically ill, you would be able to manage financially. The cover allows for you to have a lump sum payment if you were to be diagnosed with a critical illness covered by the plan, e.g. cancer, heart attack, stroke etc. When taking out the policy you can choose how much cover you want, and you could also cover your partner or other household members.
Income Protection
Income protection is a back up to your monthly wage for if you were unable to work due to an accident or sickness. For instance if you’re a hairdresser and you broke your wrist, you wouldn’t be able to work whilst you healed. If you had an income protection policy, the insurance provider would pay. amonthly income which can be used to maintain your outgoings and lifestyle whilst you take time to recover. When selecting your income protection, one of our advisors will help you understand the requirements, inclusions and exclusions, as well as whether you are looking for a short term or long term cover.
Family Income Benefit
If you are a parent and have lost a loved one (or a loved one has become critically ill) who contributed towards the household income, having life insurance is a great way to ensure the mortgage debt is paid off or a legacy is left behind to look after the family. Sadly there are still bills to pay, mouths to feed, quality of life to be had, all of which cost money. Family income benefit will provide a regular monthly income which will aid your family to cover these costs and hopefully take away some of the financial stress whilst going through a tough time. Speak to our team about it to see if this cover could help.
Landlord Insurance
As a landlord, having insurance is imperative not only for the home, but also for the protection of your rental income and tenancy. We can give you access to landlord insurance that pays if your tenants were to fall behind on rent or if your tenants damaged your property.
There are also options to cover legal costs should you need evict a tenant or there was an accident at the property and you were liable.
How Can Protection Help Me & My Family?
At times of stress, worry and grief, having your finances cared for, and your home looked after, is imperative to help the heart heal.
If the worst were to happen to you or your family, having the extra stress of dealing with monthly outgoings will not help. Let us work with you to build a safety net for you and your family.
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Frequently Asked Questions
How much protection do I need?
How much cover you need depends on your circumstances. Our advisors will discuss this with you and help you understand the different limits and cover, as it is different for everyone.
Do I need to have it?
Whilst it isn’t a legal requirement, there is an element of wouldn’t you do everything you can to protect your family and their home?
How much will it cost?
The cost depends on your level of cover and the policy, however many policies cost less than your monthly takeaway coffee order.**
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Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits
