Insurance through your mortgage provider?

October 3, 2007 | Filed under Home Insurance, Insurance, Life Insurance 

housepic.jpg

I thought when taking out a mortgage you had to take your insurance through your mortgage provider. Research by the Post Office has shown that by purchasing cover through your mortgage provider us Brits are wasting £600 million per year.

It does save time to have your insurances through your provider as it is one less thing to think about when purchasing a property or remortgaging.

You do have to show when purchasing a property that you have adequate, building, contents and life insurance to cover the property. The Post Office have revealed that you could save up to £170 per year by shopping around.

You should shop around for your payment protection policies for your mortgage to get the best deal. These types of policies should be in place to ensure that in the event of sickness, injury or being made redundant that your mortgage payments will be made.

Get the latest news in our RSS Feed, Newsletter or follow us on Twitter.

 

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!





Relevant Posts More
Popular Consumer Reviews: Car Reviews | Digital Camera Reviews | GPS Reviews | Hotel Reviews | iPod Reviews | Laptop Reviews | Movie Reviews | Music Reviews | PC Reviews | Printer Reviews | PS3 Reviews | TV Reviews | Wii Reviews | Xbox 360 Reviews
Featured: Christmas Reviews