On this episode of the ReadytoBuy Podcast we will be talking about the very important concept of protecting yourself and loved ones through getting insurance in case anything bad were to happen to you or them.

Time Stamps

PART ONE

00:00 – Introduction

01:38 – ‘Protecting Yourselves & Your Loved Ones’ and Recap

02:58 – Introducing Protection

04:44 – Three Main Areas to Consider

05:07 – First: Life Cover

07:58 – Second: Protecting Your Income

10:54 – Third: Protecting Yourself Against Serious Illness

12:29 – Overall

INTERMISSION

14:45 – ‘Definitely Not A Silly Question’ Segment

15:13 – Question

15:20 – Answer

16:20 – Contact Info for Questions

16:45 – Risk Warning

PART TWO

17:23 – How Insurers Value Their Cover

• 17:47 – Age
• 18:20 – Smoker Status
• 18:51 – Quotations
• 19:14 – Medical Questionnaire
• 19:43 – Acceptance Terms

20:19 – Reviewing

20:56 – Protecting Your Home

22:23 – Insurance for Buildings & Contents

23:52 – Excesses

24:42 – Summary

26:03 – Conclusion

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Notes

(00:00 – 01:37) Introduction

Introducing the podcast and providing details for listeners on where to contact.

Website: mhcmortgages.co.uk

(01:38 – 2:57) Recap

• You’ve come a long way in the past few weeks. You will have by now:
• Put a plan together
• Got yourself more presentable
• Found a new home
• Had your offer accepted
• The mortgage being organised and legal work being carried out
• We said about a ‘lull in proceedings.’ You’ve already done so much and now things are going on behind the scenes. This is normal and a really good time to take a breath and think carefully about protecting yourself.

(2:58 – 14:44) Protection

• However, life doesn’t always go according to plan and unfortunately, as we have all seen and experienced, there can always be bumps along the way. For example:
• Poor health 
• Serious or long-term illness
• Accidents
• Death
• We can’t stop things happening, but financially struggling will make things a whole lot worse than they need to...