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Life Insurance

It's important to plan for the future, and look after loved ones and our affairs. We offer various competitive Life Insurance policies from the largest insurers from the price of a cup of coffee per week.

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Most of us have our phones, cars, holidays, buildings, contents and pets insured but why are we always so quick to overlook insuring ourselves?

It isn’t nice to think about but we won’t be here forever and what would happen to your family and loved ones if you were not here to support them financially or emotionally?

By having a Life Insurance policy it means your loved ones will receive a lump sum of cash upon your death.

You can choose the amount the policy will pay out and you even choose the length of time you are covered for and how much you wish to pay each month towards the policy.

The answer to this is simple – peace of mind. Not only for you but also your loved ones.

Ultimately it is the choice of your loved ones what the lump sum would be used for however most policy holders use life cover for…

  • Funeral expenses
  • Repaying a mortgage
  • Repaying joint debts to relieve the surviving debt holder
  • Income replacement to ensure your loved ones lifestyles and existence is not at risk without your earnings
  • Children’s education costs

Level Term: A policy which pays a set amount upon your death. The pay out and your monthly premiums are arranged at the outset and will not change.

Decreasing Term: A policy where the amount of cover chosen reduces over time and therefore the pay-out made upon your death decreases. These types of policy are usually taken out alongside a mortgage, the mortgage balance reduces over the years as does the life cover.

This is totally dependent upon each individuals health, lifestyle and personal preferences about the cash pay-out, the term, and the premiums. Let’s take a look at the 3 elements that calculate the cost.

1: The amount you would like to be paid out is taken into account. Remember the higher the pay out the higher the premium will be. For this reason it is often a good idea to have an idea of how much you would need or like your loved ones to receive. Take some time to think about how much you owe on your mortgage, joint debts and how much income your family would lose if you were no longer here to earn. Don’t forget to also think about the milestones and occasions you would have perhaps contributed towards, house purchases, settling down, marriages, children – you could still ensure you are part of those special times by planning ahead.

2: How long do you want the cover for? The longer the policy the higher the premium will be as the older you become the more likely you will pass away whilst still insured. Take some time to think about how long your family would need your financial support for.

3: What is your health and lifestyle like? Remember a healthy person will always pay less than a person who has medical problems or an unhealthy lifestyle and your family medical history can also impact the cost of your policy. This is not to say you won’t be able to get insurance it may just mean you pay slightly more.

Why not contact us for a free, no obligation quote to see how much peace of mind would cost you?

Many couples opt for a joint Life Insurance policy with a single pay out when the first policyholder passes away. This could work out more costs effective for you on a monthly basis but please remember we always need to speak to both policy holders to set up your policy.

Whole Of Life

A good option for some customers, Whole of Life policies offer the ability to combine payments towards your Life Insurance, with an investment pot as well. We offer a range of these policies.

About Service

Whole of Life Cover is often referred to as Life Assurance, not to be mistaken for Life Insurance. Whole of Life/Life Assurance is an insurance policy where most often there is no set term. This allows a claim to be made whenever the policyholder dies at any stage of their life meaning the pay-out is almost always guaranteed as opposed to only being paid it claimed during the term of a life insurance policy.

People often choose a Whole of Life policy instead of a Life Insurance policy as Whole of Life can often be seen as more of an investment product due to the nature of the guaranteed pay-out.

This is totally dependent upon each individuals health, lifestyle and personal preferences about the cash pay-out and the premiums. Let’s take a look at the elements that calculate the cost.

The amount you would like to be paid out is taken into account. Remember the higher the pay out the higher the premium will be. For this reason it is often a good idea to have an idea of how much you would need or like your loved ones to receive. Remember that as a Whole of Life policy is almost guaranteed therefore the premiums may well be more expensive than that of a standard Life Insurance policy.

What is your health and lifestyle like? Remember a healthy person will always pay less than a person who has medical problems or an unhealthy lifestyle and your family medical history can also impact the cost of your policy. This is not to say you won’t be able to get insurance it may just mean you pay slightly more.

Why not contact us for a free, no obligation quote to see how much peace of mind would cost you?

Income Protection

Income Protection Insurance is a long-term insurance policy which is to help you if you are unwell or injured causing you to be unable to work, providing peace of mind for you and your family.

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Income Protection Insurance is a long-term insurance policy which is to help you if you are unwell or injured causing you to be unable to work.

The answer to this is simple – peace of mind. Unless you would be able to survive on sick pay, benefits or by support from family, friends or savings then the loss of your income could mean that you struggle to pay your bills.

Income Protection Insurance will replace part of your income and will continue to be paid until you are able to return to work again or you retire. It covers most illnesses that would prevent you from being able to work and you can claim on the policy as many times as you need to.
One thing to remember is that there is often a waiting period before the payments start. Most policies will require you to exhaust your sick pay entitlements before making a claim however if you are self-employed with no sick pay to fall back on then this sort of insurance policy is particularly relevant to you.

This depends upon your policy and your individual circumstances. The cost can be dependent upon your…

  • Age
  • Job
  • Smoking status
  • Health
  • How long you could afford to wait before making a claim on the policy

Why not contact us for a free, no obligation quote to see how much peace of mind would cost you?

Critical Illness

An unexpected illness can cause unnecessary hardship, making the whole situation far worse than it needs to be. Critical Illness Cover can give financial support when it is needed most.

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Being diagnosed with a critical illness can cause your life changing consequences. By having Critical Illness Insurance you are insured in case of this eventuality, upon diagnosis you simply make a claim and your pay-out will be made. This can ease the pressure of reduced income, inability to work and provide comfort to you and your loved ones allowing you to concentrate on your health.

Each insurer is different but the majority of well-known insurers we work with cover all the below critical illnesses, therefore should you be diagnosed with any of the below you would be entitled to claim your cash pay-out.

  • Cancer
  • Heart attacks
  • MS (Multiple Sclerosis)
  • Parkinson’s disease
  • Alzheimer’s before 65
  • Stroke
  • Coronary artery bypass grafts
  • Aorta graft surgery
  • Benign brain tumour
  • Kidney failure
  • Blindness
  • Deafness
  • HIV infection
  • Coma
  • Why do people ta

The answer to this is simple – peace of mind. Not only for you but also your loved ones.

Most policy holders use Critical Illness Cover for…

  • Loss of income therefore to cover day to day bills and costs
  • Household adaptations
  • Equipment
  • Travel costs to appointments and treatment sessions
  • Carer costs
  • Medical care
  • Special family memories e.g. holidays, Christmas

How much does Critical Illness Cover cost?

This depends upon your policy and your individual circumstances. The cost can be dependent upon your…

  • Age
  • Job
  • Smoking status
  • Health
  • How long you could afford to wait before making a claim on the policy

Why not contact us for a free, no obligation quote to see how much peace of mind would cost you?

Home Insurance

Our homes and the contents of them will usually be the most valuable things we ever own. Taking out inadequate home insurance can have life changing consequences, use our advisers to get things right and protect your family home.

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Home insurance is a type of insurance product that protects your property and your belongings.

There are 3 main types home insurance policies…

1. Buildings Insurance
2. Contents Insurance
3. Buildings & Contents Insurance

Buildings Insurance covers the cost of repairing damage to your properties structure. This includes….

  • Walls
  • Windows
  • Roofs
  • Permanent fixtures & fittings such as bathrooms and kitchens

Typically Buildings Insurance covers the cost of rebuilding your home and it is therefore very important that you ensure the policy you take out covers the entire cost of this and that your estimated rebuild cost takes into account demolition fees, site clearances, architects fees, building costs etc.
Generally buildings insurance covers the cost of loss or damage that has been caused by…

  • Fire, smoke, explosions
  • Flood, storms, natural disasters
  • Fallen trees, lamp posts, aerials or satellite dishes
  • Vandalism or malicious damage
  • Subsidence
  • Vehicle or aircraft collisions
  • Some policies also cover for outside the home, such as garages, walls and driveways

There are 2 types of contents insurance policy…

1. Bedroom rated
2. Sum insured


Sum insured

Sum insured cover is calculated by working out the cost of rebuilding your home from scratch.

This amount should include professional fees and is NOT the same as your homes market value. The cost of building increases year on year so the rebuild price will increase so you may choose to index link your policy to take this into account.

Bedroom rated

Bedroom rated cover estimates the cost of rebuilding your home based on the number of bedrooms you have.

These types of policy protect you from under-insuring (as calculating a sum insured policy can be quite tricky) and provide very high sum-insured cover.

Bedroom rated cover means you don’t have to worry about calculating the rebuild cost of your home. It’s important to bear in mind though that you could end up over-insuring yourself and paying for cover that you might not need but many see that as worthwhile compared to the risk of under insuring.

Accidental Damage: This happens when there’s a one off unintentional incident that damages the structure of your property. For example, a ball through your window. Cover for accidental damage is usually bought as an add-on to a policy as home insurers provide very limited protection as standard.
Usual exclusions: Typical exclusions include…

  • General wear and tear
  • Damage caused by failing to upkeep your property & letting it fall into neglect
  • Bad workmanship
  • Storm damage to gates, fences and plants
  • Frost damage to outside pipes and brickwork
  • Damage caused by insects, birds or other pests

Occupation: It is also useful to know that most insurance providers will only provide cover on the agreement that your phone will not be unoccupied for more than 30 consecutive days. If you intend to do this you should update your provider.

Tenants: Tenants do not need to purchase Buildings Insurance as that is the responsibility of the landlord however a Tenant should arrange their own Contents Insurance.

Contents Insurance covers the cost of replacing belongings that are either damaged, destroyed or stolen in your home. Typical items included are…

  • Furniture
  • Kitchenware
  • Entertainment devices
  • Soft furnishing
  • Clothes
  • Jewellery
  • Accessories e.g. handbags
  • Ornaments
  • Antiques

If and when you need to make a claim on your contents insurance your provider will pay out either on a ‘new for old; or ‘indemnity basis’.

New-for-old cover means your provider will pay out for a brand-new product of the same value if your insured item is damaged or stolen.
Indemnity cover takes into consideration wear and tear on the items that you claim for which means any pay-out will be reduced.

Since the pay-outs on new-for-old policies tend to be higher, they can be more expensive than indemnity policies.

There are three main types of contents insurance policy…

1. Bedroom rated
2. Sum insured
3. Unlimited sum insured

Bedroom rated

A bedroom rated policy uses the number of bedrooms in your home to calculate the amount of contents cover you get.

Sum insured

A sum insured policy requires you to calculate the amount of contents cover you need.

Unlimited sum insured

An unlimited sum insured policy covers all of your contents without any limit so you don’t have to worry about being under insured.

Other helpful information

Accidental Damage: Accidental damage occurs when there’s a one-off unintentional incident impacts your contents, for example knocking a tin of paint over a sofa/carpet. This is often purchased as an add on to Home Insurance policies and will increase your premium.

Personal possessions cover: This protects your contents whilst they are outside of your home, and may need to be purchased an add on, typical items that would be covered with this add on include….

  • Mobile phones
  • Tablet
  • Laptops
  • Jewellery
  • Handbag

Buildings & Contents Insurance is a combined plan suitable for homeowners (as Tenants do not need to arrange Buildings Insurance)

Pet Insurance

There is a vast range of pet insurance products on the market all with varying qualities of cover. As animal lovers ourselves, Renew Life only work with carefully selected pet insurance providers with cover that meets our standards. Let us help you protect your beloved pets.

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Pets fast become part of the family and wouldn’t you do all you could to protect your family members? That is why Pet Insurance is so important.

If your pet was to become sick or injured would you be able to pay potentially thousands of pounds to save them? Without a large savings pot it becomes part of every pet owners responsibilities as a fur parent to have pet insurance.

The simplest question to ask yourself when deciding whether to take out Pet Insurance is to ask yourself could you find the money if you had an unexpected bill?

If your pet was to develop an on-going condition or be injured, vet and specialist bills could become exceptionally costly and no fur parent would want to be put into the position where they could not treat or save their pet because of not having the financial provision in place to do so.

Most Pet Insurance policies are for dogs and cats, however insurance for smaller animals such as rabbits, hamsters etc are available but as these animals have shorter life spans the value of policies if often not as worthwhile as those taken out for dogs or cats.

Exotic animals are harder to insure as not as many insurance companies offer this, the same with venomous animals which in fact often attract owners taking out liability insurance.

Depending upon what pet you have – yes. Pedigree dogs and cats can be more susceptible to illnesses, hereditary conditions, congenital disease and sadly theft & injury.
If you are a dog owner you should also consider the breed of your dog as that can give an indicator of whether you may encounter the need for medical intervention during your pets life. For example, larger dogs can develop joint problems and smaller dogs such as pugs, shih-tzus, bulldogs etc can have respiratory problems.

When you take out a Pet Insurance policy you should always check if there is a certain number of days before the policy will provide cover, this is usually 14 days.
All policies differ and you should check the details carefully however the usual items included in cover will be….

  • Veterinary bills*
  • Loss and theft of a pet (which covers your pets purchase price and usually also advertising and reward costs for trying to trace your dog)
  • Behavioural issue treatment
  • Death by illness or injury
  • Liability cover (will cover any costs if your dog is responsible for injuring someone or something)
  • Cattery or kennel fees for if you are hospitalised for more than 4 days in a row
  • Emergency treatment abroad

You should be aware that you will still need to pay for regular treatments such as vaccinations and failing to do can impact any claim you make on your policy.

*Veterinary bills cover a wide range of eventualities and will vary from policy to policy but usually will cover the below…

  • General vet costs such as treatments for accidents, injuries and illnesses.
  • Hereditary and congenital conditions usually these are not classed as existing or ongoing conditions.
  • Long-term and ongoing conditions, these are normally covered if you have a lifetime policy. You’ll need to check the individual policy to establish how much cover you have in this area.
  • Dental care is often included in some policies but not all, usually dental care for an accident or illness is covered but not cosmetic treatments.
  • Alternative treatments which can include homeopathy, acupuncture and physiotherapy, but only where these treatments are recommended by a vet.
  • Breeding and pregnancy risks are not always covered, if you have plans to do this you should check your policy carefully.

Lifetime: This is the most comprehensive type of cover you can get. You pay premiums every year during your pet’s life and the insurer will have to keep covering your pet regardless of age or any existing conditions (subject to conditions). The payment may increase as your pets age increases.

Annual: This is where you pay for 12 months’ worth of cover on a rolling basis which enables you to switch providers every year. These kind of policies cost less but might offer less comprehensive cover and generally will not cover pre-existing conditions. You may also struggle to find insurance as your pet gets older.

Accident only: This is the most basic level of cover available and is also the cheapest. It covers accidents (such as your dog being hit by a car), but not illnesses.

A ‘claims basis’ explains how a Pet Insurance policy will pay vet bills. Policies can differ and the cover provided will be either

  • Pet year
  • Per condition
  • Per condition per year
  • Per condition no time limit

Per year: This provides a set amount of money towards veterinary treatment in each policy year. Once the limit is reached cover for the costs of treatment will stop and will not restart until the policy is renewed the following year.

Per condition: This provides a set amount of money towards veterinary treatment for each condition or illness within the policy year. Once the limit has been reached there will be no further cover for that condition or illness in later years.

Per condition, per year: This provides a set amount of money towards veterinary treatment for all conditions and illnesses in each policy year. If the limit is reached in the policy year, cover for the costs of treatment will stop until the policy is renewed the following year.

Per condition – no time limit: Unlike standard ‘per condition’ policies, these policies will pay out for conditions needing treatment year after year.

You should always remember that most policies will not cover pre-existing health conditions.

This varies depending upon the level of cover you would like and the type of pet. Factors to keep in the forefront of your mind should include

  • Arranging a policy when your pet is young is more cost effective, the easiest way to get insurance is often to get a lifetime policy when they are young
  • Arranging a policy when your pet it healthy is more cost effective
  • Waiting until your pet is older or has health conditions will result in your policy being a lot more expensive