Financial protection for your mortgage, your income and your property
Do you want peace of mind to knowing you have the financial safety nets in place should things go wrong?
We provide a comprehensive financial review and build a protection portfolio tailored to support you financially when you need it.
What are the different areas of protection?
Mortgage protection
Your mortgage is a debt secured against the home. The monthly payments are due every month regardless of your situation, so you need to ensure you have financial support should your income stop, or worse, one of you was to die, leaving the sole survivor to cover all the costs. Would you want to leave your partner with a debt hanging over the family home?
Our mortgage and protection brokers can find you the right mortgage, and ensure your protected in the event of a death or your income stopping due to accident, sickness or disability. We talk you through the different solutions available and how they would provide financial support so you know you can keep up with the monthly mortgage payments, making sure there's regular income to cover this, as well as solutions to leave the home mortgage-free in the event of a death.
Personal protection
Your health should be a priority. Sometimes we take our good health for granted, and it's only when we fall ill we realise how vulnerable we can become. Accidents and sickness can keep us off work, and for the employed their employer may offer sick pay. But how much will this be and how long will you receive this? Every employer offers different benefits, so it's important to check your employment contract to see how much you're entitled to. If you don't receive any sick pay benefits, or are self-employed, you're entitled to statutory sick pay. At £116.75 a week for a maximum of 28 weeks, how long could this support your monthly commitments and living costs?
More serious illnesses and disability can permanently change your life. Unfortunately these incidents do happen, and making sure you're protected before is key as insurers won't offer cover after diagnosis. Your focus should be on recovery and not having to worry about your financial situation. Whether you need a lump sum to pay-off your mortgage or to cover private medical treatment, or even have a regular income so you can take time off work, we make you aware of these unfortunate events and what financial support there is to help.
Property protection
There are 2 types of property protection: Buildings & Contents Insurance.
Buildings insurance protects the structural part of the home, including the walls, roof, garden and permanent fixtures & fittings. Insurers cover you from an array of events, and you want to make sure you have the right cover which pays out when you need it. As part of the mortgage contract, it's a requirement you have buildings insurance in place throughout the term of the mortgage, and if buying a home, this need to be in place upon exchange of contracts.
Contents insurance protects your personal belongings and possessions inside your home, such as furniture, clothes, jewellery, electronics and valuable possessions. It also covers your possessions when away from home and helps replace or repair the items insured. Make sure you let the insurers know what they're insuring as you want peace of mind that your personal belongings are covered against unforeseen events.
General insurance services are referred to a third party. Neither Harry Stafford Financial Services Ltd or PRIMIS are responsible for the service received
Future protection
Not many of us want to think too far into the future, but considering future events such as death, ill health and long-term care or leaving your estate and putting a plan together now, you can ensure you're protecting your loved ones, preserving your assets, and ensuring that your wishes are carried out both during your lifetime and after you're gone. This not only provides peace of mind for you but also reduces stress and uncertainty for your family members during challenging times.