Other Services
All services listed below are referred to a third party. Neither East Shore Mortgages nor PRIMIS are responsible for the service received.
You should regularly review your protection arrangements to ensure you have sufficient cover in place to protect you, your income, your family, your home, and mortgage from any of the following...
- long term sickness and disability
- life-threatening illness
- premature death
- unemployment
- loss/damage to your property (buildings insurance is mandatory if your property is mortgaged)
- loss/damage to your property contents
It’s recommended that you have an emergency fund which covers a minimum of 3 to 6 months net household income to ensure mortgage payments, utility bills and the essential cost of living, can be maintained in the event anything happened to you or your income.
General Insurance
This is an area of financial planning that is often overlooked but it is important for your peace of mind.
It enables you to minimise the effects of unexpected and often unwelcome future events, and helps you to organise your personal and business life with greater confidence.
Life Assurance
The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
It can provide the reassurance of financial protection for you, your family and your business associates.
A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Please be aware that this type of assurance is based on an assessment of the health of the applicant.
Business Insurance
All businesses are exposed to risks in their day-to-day operations. Without insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.
All businesses that employ at least one person are legally required to have Employer’s Liability Insurance.
These days, many people are not afraid to seek compensation. No win - no fee advertisements encourage claims, and businesses need to protect themselves against liability claims that could run into millions of pounds. In addition, you could be held personally responsible and even face criminal charges if found negligent.
Adequate insurance is therefore not a luxury - it is an absolute necessity.
Health Insurance
Health Insurance is probably one of the most important types of insurance you can own. Without it, an illness or accident can have serious long-term financial implications for you and your family.
Most people will be aware that Health Insurance can cover the cost of private medical treatment for any acute conditions you may suffer in the future. However, there are a number of other types of health-related insurance policies which are worthy of serious consideration including critical illness and income protection cover.
