Insurance provides the protection against unforeseen events in the future. Some insurances are compulsory.

Buildings insurance will be required to protect against loss or damage to your home. Cover is required from exchange of contracts.

Home contents insurance, though not compulsory would be recommended to protect your possessions.

Life assurance is often required by mortgage lenders and when linked to your mortgage will clear the mortgage loan on the death of the policyholder.

Accident, Sickness and Unemployment insurance: For most people their mortgage payment is their largest single outgoing, this insurance provides some protection against loss of income due to accident , sickness and unemployment.

Critical Illness cover: Normally pays out a lump sum on the diagnosis of a critical illness ( ie. cancer, stroke, renal failure and heart disease).

Permanent Health insurance: Provides income protection if the policyholder is unable to work because of accident, disability or ill health.