Compare Prepaid Money Cards with mypremium.ie.

Prepaid Money Cards are a safe way to do business online. They are not linked to your bank account and can only pay the amount on the card, They are also very safe when travelling. You can order yours online today using the links below.

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What is contents insurance?

Insurance companies in Ireland define 'contents' as the type of stuff you would take with you if you were to move house.Furniture, clothes, electrical items, money and jewellery are an example of the range of items classified as contents. Contents insurance also covers some fittings such as carpets and curtains. You should make sure that your policy covers these.

What does contents insurance cover?

Contents insurance covers your home contents against loss or damage by fire, explosion, lightning or earthquake,theft or attempted theft . It will also insure against water leakage, storm or flood damage.

Here is a summary of what is covered by the majority of insurers in Ireland;

• Fire, explosion, lightning, earthquake, smoke

• Escape of water or oil from any fixed water or heating installation or domestic appliance

• Impact involving an aircraft, aerial device or anything falling from them

• Vehicle, train or animal

• Falling trees or branches

• Falling aerials, satellite aerials, their fittings or masts

• Riot, civil commotion, strike, or political disturbance

• Malicious persons or vandals

• Storm or flood

• Subsidence or Heave of the site beneath the buildings or landslip

• Theft or attempted theft 

How much contents cover do I need?

The”insured sum” is the most important figure to consider. Get it wrong and you could lose out. Over estimate it and averaging will apply, underestimate it and you will be penalised.

Go through each room methodically. Bring a pen and paper, or ipad, or computer notebook, or whatever you prefer. List each item and put a rough value against it. Make sure you include the attic, the shed, the garage and any other possible storage area. Double check your valuations and make sure they are up to date. You can check the replacement value online for most items.

When you have completed your valuations you can then decide on the type of cover that you want.

There are two main types of contents cover, “New for old” and “Indemnity”

“New for Old” means that if an item is destroyed or stolen you will get the cost of replacing it with a new item.

“Indemnity” compensates you for the value of the item at the time of the loss.

When should I take out additional contents cover?

You may find that the average home contents policy does not cover you adequately for certain items . You should take out additional cover. It costs more but think of the cost of replacing the item.

Accidental Damage cover is good for when you accidentally break a valuable family treasure.

You can also get cover for listed items when outside your home.  {KomentoDisable}

Start your quote today. 

• Mortgage

• Housing loan lenders require legal security for loans advances i.e. a legal mortgage. The lender will take a legal mortgage over the property in question, which gives the lender the legal power to repossess the property, sell it and pay off the loan in the event of the borrower defaulting on the loan. Any surplus left over on such a sale is payable to the property owner.

• Terms of the mortgage

• Details of the lending institution and the borrower

• Description of the property

• Amount of the loan and term of repayment

• Rate of interest

• Fees payable

• Interest penalties for late payment

• Repayment capacity

• The prime consideration in assessing a housing loan application is the income capacity of the borrower to fund future loan repayments. Typically a limit of 35-40% of net monthly income as the maximum the borrower can afford to commit to all loan repayments in determining the maximum level of loan they are prepared to advance to applicant.

• What documents you need for your mortgage:

• Photographic ID i.e. passport or driver’s licence

• Proof of address i.e. Utility bill, original bank statement etc. (no older than 3 months)

• Proof of savings or equity if available (this strengthens your application)

• Bank Statements/ credit card statement for the most recent six months

• Mortgage statement from previous lender if applicable (this should be received in January/February of current year)

• Statement (minimum 6 months) for all current borrowings from relevant Financial Institutions.

• P60 

• Three recent monthly payslips

• Completed Salary Certificate (for completion by your employer) 

• Estimates for any works to be completed on the property 

• Valuation Fee will be applicable at a later stage

• Completed Mortgage Application form{KomentoDisable}

 Mortgage Protection

 Are you in the process of buying a house, thinking of buying a house in the near future or currently repaying the mortgage on your house?

 Mortgage Protection may be a requirement by your lender when taking out a mortgage.

It is also a very useful protection for your family, should you die before you repay the loan.

Mortgage Protection - (also known as decreasing term assurance), has a sum assured which reduces each year (or possibly each month) by a stated amount, decreasing to nil at the end of the term.

It is normally used to cover a reducing debt, such as the capital outstanding on a house purchase mortgage, with the sum assured being linked to the reduction in the capital outstanding under the loan.

Although the cover decreases each year, the premium remains constant.

Premiums are sometimes payable for a shorter period than the policy term itself, because otherwise there would be a temptation for the assured to lapse the policy in the last year or two, when the sum assured has reduced to a comparatively low level.

Premiums for Mortgage Protection are either slightly cheaper than for level term assurance for the same initial sum assured and term – or the same, but payable for a shorter period.

Mortgage Protection is the cheapest form of Life Assurance available.

The reason for this is that it decreases in line with your mortgage repayments every year.

If you have a mortgage on your property this type of insurance is vital.

The cover will be paid directly to the lender who will use the funds to pay off the outstanding balance of the mortgage.

In this way the borrower’s dependants will then own the residence in full, without any outstanding mortgage.

 It is also possible to add accelerated serious illness cover to your mortgage protection so that you are covered in the event of premature death and also being diagnosed with a serious illness: whichever event comes first.

Mortgage Protection cover is only suitable if you have a Capital and Repayment mortgage.

It is not suitable for an Interest only facility.

mypremium.ie can help you choose from a range of providers to find the cheapest and most suitable protection available and suitable for your needs.

How can I be sure that I am paying the best mortgage protection rates on the market?

By using our free comparison service.

We compare the top providers in Ireland to find you the best deal for your circumstances.

We also have a dedicated switching team, to make the move easier, when you decide to move to a better rate.

Think of how much you save over the course of the mortgage.

Contact us today on 047 62500

or use the quote button 

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