Protection & home insurance
Protect your mortgage and the home behind it.
Intra helps clients consider mortgage protection alongside buildings and contents insurance as part of the wider mortgage and home-buying journey.
Your borrowing
Mortgage Protection
Your home
Buildings & Contents
Protection options
Two areas of protection around your mortgage and home.
Your adviser can consider your mortgage commitments and the insurance requirements of the property as part of the wider conversation.
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↗Mortgage Protection
Protection considered alongside your mortgage and household circumstances, helping you think about how the financial commitment could be affected if circumstances changed unexpectedly.
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↗Buildings & Contents Insurance
Home insurance designed to protect the property itself and the belongings within it against insured events, subject to policy terms, limits and exclusions.
Beyond arranging the mortgage
Buying a property creates more than one financial consideration.
The mortgage finances the property. Protection considers the financial commitment attached to that borrowing, while home insurance considers the property itself and the belongings within it.
Bringing those conversations together can make the home-buying process easier to understand and help ensure important areas are not considered in isolation.
The appropriate arrangements depend on your individual mortgage, household circumstances, property and existing cover.
Mortgage Protection
Consider the mortgage in the context of the household behind it.
A mortgage is usually one of the largest financial commitments a household takes on.
Mortgage protection allows clients to consider what financial impact certain unexpected circumstances could have on that commitment and what protection may be appropriate.
The level and type of protection considered should reflect the mortgage, income, household responsibilities, existing arrangements and budget.
Discuss mortgage protectionMortgage protection
Consider the borrowing, household finances and protection already in place.
Mortgage protection considerations
The right starting point is your existing financial position.
Protection should be considered around what would create a meaningful financial impact for the household rather than in isolation from the mortgage.
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Mortgage balance
The amount outstanding and remaining mortgage term can help provide context when considering an appropriate level and duration of protection.
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Household income
The contribution each person makes to the household can influence the financial impact if circumstances change.
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Dependants
Children and other people who rely financially on the household can form part of the wider protection discussion.
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Existing protection
Current policies and workplace benefits should be understood before any additional protection is considered.
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Monthly commitments
Mortgage payments and wider household expenditure help establish the financial responsibilities that may need to be considered.
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Affordability
Any protection arrangement should remain manageable alongside the mortgage and other ongoing household commitments.
Buildings & Contents Insurance
Protect the building and the belongings that make it your home.
Buildings insurance is designed to protect the structure of the property against insured events, subject to the terms of the policy.
Contents insurance is designed to protect belongings within the property against eligible risks covered by the policy.
Buildings and contents insurance can commonly be arranged together, creating a single home insurance arrangement covering both areas where appropriate.
Discuss buildings & contents insurance→Understanding the difference
The building and its contents are two different things.
A combined home insurance policy can potentially provide both forms of cover, but it is useful to understand the distinction.
Buildings
The property itself.
Buildings insurance is generally concerned with the structure of the home and permanent fixtures, subject to the particular policy terms.
Contents
The belongings inside.
Contents insurance is generally concerned with belongings kept within the home, subject to policy definitions, limits and exclusions.
Home insurance considerations
Home insurance should reflect the property you actually own.
Property characteristics, rebuild costs, belongings and policy terms can all influence the cover that is appropriate.
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The property
The type, age, construction and location of the property can influence the insurance available.
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Rebuild cost
Buildings insurance generally considers the cost of rebuilding the property rather than simply its current market value.
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Your belongings
Contents cover should reflect the belongings kept within the property and any relevant individual item limits.
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Policy excess
The excess is the amount you may need to contribute towards an eligible claim and can vary between policies.
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Additional cover
Some policies may offer additional options depending on the property and household requirements.
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Terms & exclusions
The events covered, exclusions, conditions and limits should be understood before an insurance policy is arranged.
Buildings insurance & your mortgage
The lender has an interest in the property being appropriately insured.
Mortgage lenders commonly require appropriate buildings insurance to be in place on the property being used as security for the loan.
The policy itself is separate from the mortgage, and the exact insurance requirements can depend on the lender and the property.
Buildings insurance requirements and policy eligibility remain subject to the relevant lender and insurance provider criteria.
When to review protection
Your protection should move with your mortgage and your home.
Mortgage and insurance arrangements can remain in place for years, while the circumstances around them continue to change.
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Buying your first home
A first mortgage introduces a new long-term financial commitment and a property that needs appropriate insurance.
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Moving home
A new property can change the amount borrowed, the building being insured and the value of belongings within the home.
03
Remortgaging
A remortgage can provide a natural opportunity to review whether existing mortgage protection and home insurance still reflect current circumstances.
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Increasing your mortgage
Additional borrowing can change the household's financial exposure and may make an existing protection arrangement worth reviewing.
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Changing family circumstances
Changes to household income or financial responsibilities can affect the protection a client wishes to consider.
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Reviewing existing cover
Insurance arranged several years ago may no longer reflect the current mortgage, property or household circumstances.
Existing arrangements
Existing cover should be understood before anything new is arranged.
Clients may already have mortgage protection or home insurance that remains appropriate for their circumstances.
Reviewing what is already in place helps avoid looking at new protection without understanding the existing position.
The mortgage balance, property, household circumstances and policy terms may all have changed since existing cover was first arranged.
The Intra approach
Consider protection as part of the wider mortgage journey.
Understanding the mortgage, property and household first creates a clearer starting point for discussing protection.
Your circumstances
Understand
We establish your mortgage, property, household circumstances and any existing protection or insurance arrangements.
Your requirements
Identify
Your adviser considers the areas of mortgage protection or home insurance relevant to your circumstances.
Available cover
Research
Appropriate options can then be considered based on the protection required and relevant provider criteria.
Application
Arrange
Once an option has been agreed, we support you through the application and any information required by the provider.
As things change
Review
Mortgage, property and household circumstances can change over time, making periodic reviews worthwhile.
Why Intra
Keep the mortgage and its protection connected.
Because we already understand the mortgage transaction, the protection conversation can start with the property, borrowing and household circumstances already in view.
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Mortgage-led context
Protection can be considered with a clear understanding of the mortgage commitment it sits alongside.
02
Property context
Buildings and contents insurance can be considered around the property being purchased or refinanced.
03
Existing arrangements
Current protection and insurance can be considered before new arrangements are discussed.
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One connected conversation
Mortgage, protection and home insurance can be considered as connected parts of the same client journey.
Part of the mortgage journey
Protection can be reviewed whenever your mortgage changes.
Buying your first home
First-Time Buyers
Mortgage advice for clients taking their first step into home ownership.
Moving property
Home Movers
Review your mortgage when moving from one home to another.
Reviewing existing borrowing
Remortgages
Review your existing mortgage as your deal or circumstances change.
Frequently asked questions
Questions about protection and home insurance.
These answers are general. Available cover depends on individual circumstances, the property and provider criteria.
01What protection does Intra provide?
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What protection does Intra provide?
Intra provides advice and support around mortgage protection and buildings and contents insurance. The appropriate cover depends on your mortgage, property, household circumstances and provider criteria.
02What is mortgage protection?
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What is mortgage protection?
Mortgage protection refers to protection considered in connection with the financial commitment created by a mortgage. Depending on the specific policy and circumstances, it may be intended to provide financial support if certain unexpected events affect the household's ability to meet its commitments.
03Do I have to arrange mortgage protection?
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Do I have to arrange mortgage protection?
The requirements depend on the mortgage and circumstances. Protection is generally considered separately from the mortgage itself and should be assessed according to your individual financial position and needs.
04What is buildings insurance?
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What is buildings insurance?
Buildings insurance is designed to protect the structure of the property against specified insured events. The events covered, exclusions, excesses and limits vary between policies.
05What is contents insurance?
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What is contents insurance?
Contents insurance is designed to cover belongings within the home against specified insured events, subject to policy terms, exclusions and limits.
06Can buildings and contents insurance be arranged together?
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Can buildings and contents insurance be arranged together?
Buildings and contents protection can commonly be arranged together within a home insurance policy, depending on the property, client's circumstances and provider.
07Do I need buildings insurance for a mortgage?
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Do I need buildings insurance for a mortgage?
Mortgage lenders commonly require appropriate buildings insurance to be in place for the mortgaged property. Exact requirements depend on the lender and circumstances.
08Is contents insurance required by a mortgage lender?
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Is contents insurance required by a mortgage lender?
Contents insurance is generally separate from the lender's requirement to protect the building itself, but clients may choose to insure their belongings against eligible risks.
09Should I review protection when I remortgage?
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Should I review protection when I remortgage?
A remortgage can be a useful point to review existing protection because the mortgage balance, term, property or household circumstances may have changed.
10Can Intra review cover I already have?
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Can Intra review cover I already have?
Existing arrangements can be considered alongside your current mortgage, property and household circumstances to understand whether they continue to reflect your requirements.
Insurance and protection products are subject to eligibility, provider criteria, policy terms, exclusions and conditions. Cover and premiums depend on individual circumstances.
Intra Private Finance Limited is Directly Authorised and Regulated by the Financial Conduct Authority. FCA Number: 832376.
Protection
Protect the borrowing and the property around it.
Speak to an Intra adviser about mortgage protection or buildings and contents insurance alongside your mortgage.
enquiries@intra-pf.com