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Why Getting Protection Policies Is So Important When Buying a Home

  • Writer: Vincent Mak
    Vincent Mak
  • Mar 19
  • 2 min read

Woman with red hair and tattoos in a plaid shirt fixes ceiling wires with a screwdriver, in a bright room, holding a light bulb.

Buying a home is one of the most significant financial commitments you’ll make. Ensuring you have the right home protection policies in place can safeguard your investment and provide peace of mind. From mortgage protection to home insurance, these policies help you prepare for unexpected events.


What Are Home Protection Policies?

Home protection policies include various insurance products designed to protect homeowners from financial risks. These policies can cover mortgage repayments, property damage, and even loss of income due to unforeseen circumstances.


Types of Home Protection Policies

There are several types of protection policies to consider when purchasing a home:

  • Life Insurnace: Ensures your mortgage is paid if you become ill or pass away. Learn more.

  • Home Insurance: Covers damage to your property and belongings due to fire, theft, or natural disasters. Learn more.

  • Income Protection Insurance: Provides financial support if you’re unable to work due to illness or injury. Learn more.

  • Critical Illness Cover: Offers a lump sum payment if you’re diagnosed with a serious illness. Learn more.


To explore different insurance options, visit our Insurances page.


Why You Need Home Protection Policies

Securing home protection policies is essential for several reasons:

  • Financial Security: Ensures you can meet mortgage payments even in tough times.

  • Asset Protection: Safeguards your home from unexpected damage.

  • Peace of Mind: Reduces stress knowing you and your family are protected.


How to Choose the Right Policy

Choosing the right policy depends on your personal circumstances. Here are some steps to help:

  1. Assess Your Needs: Consider your income, health, and financial obligations.

  2. Compare Policies: Look at different coverage options and premium costs.

  3. Seek Expert Advice: Our team at Possible Mortgages can guide you in finding the best policy.


Final Thoughts

Investing in home protection policies is a smart decision when buying a home. They provide financial stability and ensure you’re prepared for any unforeseen events. Ready to explore your options? Contact us today for expert guidance on securing the best protection policies for your needs.


As with all insurance policies, conditions and exclusions will apply. The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.

Comments

Your home may be repossessed if you do not keep up repayments on your mortgage.  

 

Typically we charge a fee of £500 for arranging a mortgage, however the actual fee will depend on your circumstances and if more work is required then we could charge more than this but we will make you aware at the start of the process.

 

IMPORTANT INFORMATION: FRAUD WARNING 

  

We will never send you an email asking you to transfer money or requesting your bank details. We will never ask you to transfer deposit money to your solicitor. If you receive an email claiming to be from us or any professional such as a bank or solicitor, it is not genuine, so please ignore it! 

 

However, please let us know immediately if you receive an email like this claiming to be from us. 

 

Possible Mortgages is a trading style of Possible Financial Services, which is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA number 1023518.

 

Registered Office: Possible Financial Services, 60 Corelli Road, London, England, SE3 8ER. Registered Company Number: 16072750. Registered in England. 

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