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The Mortgage Route A to Z
Insurance

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter I

Insurance

A contract taken to ensure the payment of a sum of money to re-instate any loss in the event of an insured risk, for example if you have life insurance and you die you will have money coming to your estate as that was the insured risk.

There are many types of insurance such as Buildings Insurance Life Insurance and Contents Insurance and even accident sickness and redundancy insurance to name a few. These are the types of insurance that you are advised to get when purchasing a home.

FSA declaration and important text about mortgage advice