Insurance Requirements for Equity Release Schemes

If you choose a home reversion plan or a lifetime mortgage you will be responsible for arranging and maintaining the buildings insurance on your property. You will be free to arrange your own insurance but the level of insurance must be at least the minimum level indicated on the house survey that the home reversion plan provider or lifetime mortgage lender will arrange.

With both a home reversion plan and an equity release lifetime mortgage you can choose to insure your home contents insurance for your personal possessions. 

Remember your independent equity release specialists can provide you with advice on the home buildings and contents insurance requirements of the equity release scheme you choose. Review out our service charter for more information.

Other Useful Sites You Can Try For Equity Release Schemes

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