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Along with different mortgage types, there are also varying types of insurance policies available as protection for your mortgage. Insuring yourself against possible accidents or illnesses ensures that you do not leave your family lumbered with repayments if you are not around.

Term Assurance – 

Decreasing Term Assurance Plans provide life cover which decreases roughly in line with the reduction of your outstanding mortgage. Whilst you might expect the mortgage to be repaid in the event of your death, in some cases the lump sum is not enough to repay the mortgage in full. However, these types of insurance plan means that you do not have to pay for more protection than you actually require. 

Level Term Assurance Plans are simple, low cost arrangements that provide life cover for the agreed lump sum, during the agreed term.

Critical Illness Cover-

Many of us take out insurance for our mortgages in case we die, but few of us cover against if we suffered critical illness or disability.

Critical Illness cover is designed carefully to provide a lump sum on death or diagnosis of any critical condition as defined under the terms of the policy. This means that money will be available at a time when a critical condition or disability may affect your financial position or ability to earn.

Income Protection-

Income Protection Benefit provides a monthly benefit should you be unable to work due to incapacity caused by accident or illness, resulting in a loss of earnings. This allows you a degree of financial stability until you recover and return to work, no longer suffer a loss of earnings, in the event of your death or until the policy expires. 

The level of weekly benefit proposed for Income Protection policy is based around your current earned income. The amount that might actually be paid in the event of claim is affected by two things. Firstly, the amount of any increase in income and secondly, your entitlement to the Incapacity Benefit paid by the State

Buildings and Contents Protection-

Our buildings and content protection is designed to cover your home and the possessions within it for almost any eventuality. 

The insurance of the property against major damage such as fire and other risks will normally be a condition of your mortgage lender. In addition to your bricks and mortar, the contents on your house are extremely valuable and this type of protection ensures that, in case of any accident, you are not left paying the price for your uninsured contents.

"Had the pleasure of dealing with Nicola & the team for nearly 5 years. They continually went above & beyond the standard of service expected to accomodate my requirements . From making arrangements to ensure i was in the property prompty, quickly rectifying any concerns/issues & always on hand for advice & guidance. Cannot recommend highly enough!!"
Mr R

To all of our customers

We are pleased to confirm that our office will re-open on Monday 18th May at 10am. All customers will need to abide by social distancing rules, so at present we can only allow one customer at a time in the office. We have all PPE in place to ensure the safest possible working environment. If we can deal with your query over the phone or via email, this is still preferable, but if you need to see us call and we will be happy to arrange a suitable appointment for you.

You can contact us via the telephone numbers and email address below:

Main Telephone Number (9am – 5:30pm): 01692 402019
24 Hour Emergency Telephone Number: 07736 906863
Email: Team@acornprop.co.uk

It's obviously still early days, but we are looking forward to helping you move...

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