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When you buy a freehold property supported by a mortgage, you are obliged to take out buildings insurance. This cover pays for the cost of rebuild, should your property be burnt to the ground or shoring up if it suffers subsidence, for example. It is also advisable to insure the contents of your home. You will probably need life insurance, that would pay off your mortgage if you were to die during the mortgage term. And you might also consider insuring your mortgage payments against you being unable to work due to an accident, sickness or unemployment (ASU), or critical illness. To simplify the daunting task of which insurance do I really need, we at mortgages made simple have compiled a page devoted to giving you the pros cons of the insurance market. Insurance ExplanationGet a free quote you can lose a lot more if you don't.Buildings Insurance | Contents Insurance | Life InsuranceMortgages Made Simple is an appointed representative of Genesis Home Loans plc, which is authorised and regulated by the Financial Services Authority for the conduct of non-investment insurance and mortgage business. Second charges, commerial loans and buy-to-let mortgages (where the resident is not related to the borrower) are not subject to Financial Services Authority regulations. Your home may be repossessed if you do not keep up repayments on your mortgage.Genesis Home Loans plc can be found on the FSA register (www.fsa.gov.uk/register)Under Reference 305920The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.Home | First Time Buyers mortgages | Buy to Let mortgages | Bad Credit mortgages | Remortgages | Commercial mortgages | Equity Release | Insurances | Contact Us | Exchange Links | Site map | |