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Mortgage insurance can really be costly. Every month when you see the description of your mortgage installment it may surprise you that a big proportion of the payment is actually taxes, fees and insurance. It is possible, however, to eliminate the need for mortgage insurance provided that you meet certain requirements.
One only has to watch an episode of the BBC's Antique Roadshow to learn that the British are a nation of collectors and that we are fascinated by unusual artefacts as well as the more traditional art and antique furniture. The most enjoyable part of my job is speaking with potential clients and learning what their particular passion is. I do not always have an in depth knowledge about their particular penchant but their enthusiasm is often infectious and I invariable learn something new.
There are around 500,000 listed buildings in the UK of which approximately 90 per cent are allocated the Grade II listing by English Heritage. The Grade II listing is normally allocated because the building is in some way of architectural or cultural interest. Sometimes the whole building is listed but often in it is just a particular feature or even an outbuilding such as a barn.
If you own items of fine art, antique furniture, clocks, any type of collection, jewellery or watches you are best advised to consider insuring them with a specialist High Net Worth Insurer. The mainstream insurance policies often have restrictive for the values of such items that you can cover and you may find the cover is not as wide as you would like.
Most home policies will insure your precious objects like art or antiques under the contents section of the policy. But if you possess a valuable painting, item or collection, it’s worth checking to see whether this cover really meets your needs fully. You may get a better deal by switching to an insurance provider who understands art and antiques insurance better.
One of the most common reasons our clients approach us is that they own, or have recently purchased a single item of high value jewellery. This is often a high value ring or high value watch. When they approach their existing insurer to add it to their existing policy they are told they cannot. Many well known insurers that deal directly with the public, and advertise extensively on television and in newspapers, have a single article limit as low as GBP 1,500.
Insurance companies routinely enhance their profitability by utilizing tactics designed to minimize or deny the payout on your claim. You must arm yourself with knowledge of your rights, recognition of the tactics used against you, and your refusal to accept that the insurance company holds all the power.