Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

Protection In A Changing World

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Rarely has a global event so starkly demonstrated the importance of protection insurance. As the Coronavirus pandemic has swept through the UK, millions were unable to work due to illness or self-isolation, people were furloughed or made redundant, and many tragically lost their lives.

As lockdown eases, many people will be seeing changes in their financial circumstances. For example, those who have taken advantage of a mortgage payment holiday may find their monthly payments increasing as the holiday period comes to an end. That's why it's so important to review your protection policies, to ensure they offer adequate cover for your changing needs. However, with the warning of a potential second wave, we may see further financial hits as well as impacts on our social lives and lifestyles.

A financial lifeline

The protection insurance sector is widely renowned for supporting its customers when they need it most, with insurers paying out on 98.3% of all protection claims in 2019. And, faced with an influx of claims in the wake of the Coronavirus outbreak, the Association of British Insurers (ABI) has pledged its support to customers, NHS trusts and businesses during these difficult times.

While this positive news for policyholders, it's still important to continually review your cover - otherwise you could risk being underinsured. This means that, even if your insurer does pay out on your claim, it may not be enough to cover your and your family's needs if you died unexpectedly or were unable to work due to injury or illness. Like most people, your financial circumstances will probably change constantly throughout your lifetime. For example, say you insured yourself for a certain amount as a newlywed. You may go on to have children, move to a bigger property, take on a larger mortgage, but buy a new car, etc. The amount you originally insured yourself for is therefore unlikely to cover your growing outgoings.

Does a modern policy equal a better policy?

Another advantage of updating your cover is that modern policies tend to offer more extensive cover. In a recent study, an expert closely examined a critical illness policy sold in 2007 and compared it with one sold 10 years later in 2017. It was concluded that the 2017 policy was superior in 88 separate ways.

So, if you've simply been renewing the same policy for years, not only will your risk being underinsured but you'll also be missing out on the benefits and comprehensive cover offered by newer policies on the market today.

Change your insurance for a changing world

The world around us is changing rapidly, with economic uncertainty and the threat of Coronavirus likely to be present in our lives for a long time to come. So, let us help you find the best protection for your circumstances, to give you the peace of mind that you and your family will be protected, come what may.


As with all insurance policies, conditions and exclusions will apply

We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at

Your home may be repossessed if you do not keep up repayments on your mortgage




Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.


What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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