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why when I asked about building insurance from adviser he has given me 'life cover' quotes?

I got an advisor/agent in to give me quotes for building ins., he has emailed me figures but has listed them under 'life cover' Sorry for sounding stupid but why? is this another term for building ins? please help. Thanks

Public Comments

1. Its probably just an error , (and btw just so you know )its buildings insurance and life assurance
2. Building Insurance and Life Insurance are two different policies. I think that the agent wanted to cover the building insurance in life insurance. It may be possible as the insuraance policies are very much flexible and they cover several risks. Good LUck
3. If u require insurance of ur building pls call the advisor who is covering General insurance for example advisor from General insurance,New India insurance,United Insurance these people are cover insurance of house car, scooter, gold and many more item whose deprisatation value is there .till date no life insurance policy is made who cover life with other things.Only at the time of purchasing new home only life is cover as TERM PLAN
4. Completely different. Could be an error, or he could be looking to gain extra commission for himself. You don't really need an advisor for this, just search the internet for the best deals.
5. My suggestion is trying to absorb as much information as you can before making up your mind,here http://www.insuranceidea.info/free-insurance.htm is a good one.
6. Either he's incompetent or trying to sell you something you don't want. I wouldn't use an adviser for Buildings Insurance instead I would ask for quotes from your Bank or Building Society - also compare some of the Insurers on-line. Either way you'd probably be wise to avoid this guy.
7. I have never heard of that. I have been around a long time. You need a Business Policy. It would cover the building and liability. Call some local insurance agents and get some quotes. They will ask if you use the building for your own business or just rent it out. Stick to some of the big companies, like Allstate, State Farm, Prudential, Farmers. Most big companies write business policies that cover the building. Just call some local agents to be sure.
8. Your not being stupid, at best the 'adviser' is. They are two totally different products, legally and practically. They are so different no decent insurance professional would ever confuse the two. In fact in very few cases do companies sell both types, you usually have ABC Insurance co and ABC Life co. So I whole heartedly agree with legs, either the adviser (not really a proper term in the UK anyway which makes me suspicious) is incompetent or trying to sell you something you haven't asked for. Either way, go somewhere else. For ordinary buildings cover you don't really need an adviser anyway, try getting some quotes on-line. Just type "Buildings insurance" into google (.co.uk) and you'll see a host of companies that you've heard of and who will give you an instant on line quote.
9. Hi, it isn't a stupid question at all. Buildings (& contents) insurance and Life Insurance are completely separate things. - Buildings insurance insures your property so that, for example, in the event of a fire, your property can be rebuilt. You'd be well advised to include Contents insurance with Buildings as well. It's usually cheaper to have one policy for Buildings & Contents rather than one for Buildings and one for Contents, although it is perfectly possible. Contents insurances protects your belongings in the home, and some personal items away from home, in case, amongst other things, they are broken accidentally or stolen. - Life insurance is completely different. It insures you, so that if you die during the term of the policy, a lump sum is payable, to your estate or family, so that your mortgage can be repaid. If you are single with no children it's doubtful that you'll need life insurance anyway as there'd be no-one to suffer the financial consequences of your death. The advantage of using an advisor is that he/she is regulated by the FSA and as such is obliged to give you best advice, and thus they carry the liability for the suitability of the product i.e. if you're advised to take out the wrong product, it's their problem. If you apply online, without advice, and you choose the wrong product or level of cover, it's your lookout. Perhaps I'm more patient than some of the other respondents (!), but I'd be prepared to give the advisor the benefit of the doubt and suggest that maybe he/she has just made a mistake when writing the e-mail to you, after all, we are all human and we all make mistakes, don't we?! I'd remind the advisor that you wanted a quote for Buildings insurance, not Life insurance, and see what he/she says. You don't say if the advisor is a bank advisor of they are independent or multi-tied. Personally, I wouldn't get my Buildings & Contents insurance from a bank. It WON"T affect your ability to get a mortgage in the slightest, I assure you, and if an advisor tries to tell you otherwise, complain! Conditional selling was outlawed by the FSA years ago (but the practices do still go on unfortunately). Bank insurance does tend to be more expensive than other specialist providers. As has been suggested, go online and Google search for Buildings insurance or go to sites like Gocompare.com or Moneysupermarket.com, or use a Whole of Market Broker like Money.co.uk, online, or go use an office-based advisor that you can find from looking through your Yellow Pages, if you need further advice on what the different covers mean. And to clarify a couple of points, and I know I'm being pedantic, but contrary to one of the replies, the terms life 'insurance' and 'assurance' are pretty much interchangeable in the UK, so you can use either. Not sure what the beef is with 'advisers' in the UK. Of course they exist in the UK. Not sure if the issue is with the spelling of 'advisor' and 'adviser', in which case, again, they are interchangeable in the UK. I hope this helps. Good luck. Post more detail/questions if you need more help.