Buildings & Contents

Once you've bought the property and overcome the mortgage problems referred to previously, you then have to encounter the requirements of the Buildings Insurer. Most people now appreciate that if you take the cover offered by the mortgage lender you may be paying an excessive premium for the privilege. And like the mortgage lender many insurers will not be able to cope with long periods (over 28 days) of unoccupancy or if you decide to install tenants whilst away on the next tour. Your SIIAP Member Firm will be able to accommodate your needs and bolt on Contents Insurance tailored to your requirements.

Contents policies provided by most non military type insurers will be restricted to the UK and provide only limited cover for personal effects taken overseas. A Service family who own their own property in the UK and leave some furnishings at home, whilst placing some items in Storage and taking the rest with them overseas will out fox many an insurer. Add to that the possibility of the Serviceman also requiring cover for his personal effects and kit whilst on Exercise or Deployment and you have just described the typical offering available from a SIIAP Member Firm. Somehow we can't see Tesco matching that!

High street providers do not generally have an understanding or the experience to know where to look for solutions, common problems are:

• Lenders see service personnel as high risk
• Property left unoccupied for extended periods
• Property let out during postings, then owner occupied on return
• Property ownership whilst occupying MOD accommodation
• Contents insurance limited to UK
• Contents cover in transit and in storage

SIIAP members will have a specialist solution: