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INSURANCE

For your home - For your own protection as well as ours, it will be a condition of our mortgage that your property is adequately insured for the full re-instatement value (i.e. rebuilding costs) specified in your mortgage Offer. You are free to make your own insurance arrangements, which your solicitor must confirm to us. However, you can benefit from our special arrangement with Equity Direct Broking Limited (not available for shared ownership/shared equity). Cover can be for buildings only, buildings and contents, or contents only for leasehold property owners and will be linked to the House Rebuilding Cost Index prepared by the Royal Institution of Chartered Surveyors.

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Other insurance you should consider - Whilst buildings insurance is compulsory under the terms of the mortgage, you are also strongly advised to consider the other types of insurance available to offer you protection according to your needs:

Contents insurance - Covers the contents of your home, like your furniture, household equipment, clothing and personal belongings. If you take buildings insurance through our policy with Equity Direct Broking Limited, contents insurance can be arranged at the same time at competitive rates.

Mortgage Payment Protection insurance - Designed to cover the costs of your mortgage payments if you experience changes to your personal circumstances such as accident, sickness or involuntary redundancy and are unable to pay. We have a special arrangement with reputable specialist insurers to offer you this type of protection. On some of our mortgage products it is offered free for the first six months.

As the Society is authorised and regulated by the Financial Services Authority, we can arrange buildings, contents and mortgage payment protection insurance for you through our arrangements with leading insurers. For further information call 08451 22 00 33*

Life assurance - Designed to pay off your mortgage in full if you die unexpectedly, so the property can pass to your estate without the burden of a loan to be repaid.

*For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.




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