Personal Insurance

Personal Insurance to cover you and your Foreign Property

Whether you are taking out borrowing in the U.K. or further a field it is essential that you are able to meet the repayments when things don’t quite go to plan.

It is common in Bulgaria and Romania that once people have three months arrears the property is very quickly repossessed by the lender. This is even the case when a person dies, the lender still wants their money and penalties for non payment can be very severe. It is also important that your cover is in place from the moment you sign the preliminary contract, as if you die it’s unlikely your family will have any deposits returned!

There are three main types of insurance:

• Life Insurance – paying out a lump sum if you die (usually the necessary amount to pay off your mortgage).
• Critical Illness Insurance – paying out a lump sum on diagnosis of a critical illness (usually the necessary amount to pay off your mortgage).
• Income Protection – Paying a monthly amount if you unable to work due to illness.

Obviously the better the cover you have the more expensive it is. Do not simply always opt for the cheapest cover, make sure you think about what you and your family would do if the worst did happen.

For further details please call 0114 2506177 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it