| There are a number of insurances customers should consider taking
out with their new mortgage:
- Buildings Insurance. This is an essential cover
to insure the property from fire or other perils.
- Contents Insurance. This is a very wise precaution
against loss by theft, flooding and other perils.
- Life Insurance. This gives cover against financial
hardship in the event of death.
- Mortgage Payment Protection. This is a short-term
product which may be set up to cover redundancy, sickness and
accident. It is highly recommended that all borrowers have some
degree of income protection to protect their mortgage payments.
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