NLIC.org

Isaac Said:

My father was killed in a motorcycle accident over the weekend...?

We Answered:

I'm so sorry for your loss, although I do not know the answer to your question...is there any way you can reduce the costs of his burial further by choosing creamation over burial or cutting out ALL extras? It's insane it costs more to die than to live in some cases...

Debra Said:

Buy to let insurance advice?

We Answered:

Life Insurance is typically only a requirement if you have an 'Endowment' Mortgage = these have been largely discredited and have been the subject of much miss-selling (and compensation has been paid in many cases) = so if you still have one taken out 'years ago' you realy need to check if you have a claim before giving it up ..

Buildings Insurance is a requirement of all Mortgages - if you are not aware of this as a separate item it may have been 'rolled up' into your Mortgage repayments - typically the Buildings Insurance offered by the Mortgage provider is 'very poor value' (i.e. a rip-off) so expect to make some savings here.

Assuming a furnished let, most Landlords will have 'Landlords contents insurance' which protects your goods (furniture etc) from damage by the tenants(s).

Few Landlords insure tenants property against any sort of damage (to avoid any claims eg. because pipes burst or the roof leaks & the Tenants goods suffer water damage or whatever, you need to explicitly state this in your Tenancy Agreement).


I suggest you go speak to a Letting Agency - most will advise you of what's needed (if they don't go to one that will) & for a fee, some will 'guarantee' rent (be warned - this may only apply during a Tenants contract period i.e. after they actually find you a suitable tenant (that they approve) which could take ages ..).