Home Insurance
Once you have purchased your new home you should take out insurance to protect your investment. So how much coverage should you have on your new home? What does a basic policy cover? What happens if there’s a fire or flood?
Lenders need proof of the insurance cover beofre settlement and require the insurance to be for a certain amount.
Your home is your most precious possession.
Landlord Insurance
Sometimes tenants aren’t quite as careful with your investment property as you would like them to be.
Landlords’ insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The policy covers the building, with the option of insuring any contents that belong to the landlord that are inside
Certificates of Currency or Building Insurance
Before your lender will release the loan funds to you they require you to provide them with a Certificate of Currency, to ensure the home being mortgaged is insured against damage.
Pride Mortgage Services can now offer this insurance service to their customers without having to consult with other companies.
Getting the insurance policy can sometimes take weeks to organise and can therefore delay the settlement of your loan. You can, however, have this insurance organised for you from our office and have the certificate ready almost immediately to be faxed to your lender and know that the issue is taken care of without delay
We can also provide standard building and contents insurance. To not only protect the home itself, but all your belongings.