Life Insurance and Critical Illness Cover

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  • Life Insurance and Critical Illness Cover


    Do you need life insurance and/or critical illness cover for rental properties?
    Is there any way of doing one cover for a whole portfolio instead of
    a policy on each property?
    What are the advantages/disadvantages?
    I have these both for my main residential property but find the cost
    is adding up for my rental properties.
    Please give me your views experts,

  • #2
    Certainly a block policy (cover increasable as borrowing increases) sounds cost-effective. Assurance cover is desirable to protect family/dependents in case of a main earner's illness or death, but that is scarcely a real problem for investment properties which the patient's/deceased's family could simply sell without impact on the family home.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).


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