Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Conditional Insurances as it relates to mortgages in the UK. Conditional InsurancesSome lenders insist that certain mortgages have insurances as part of the mortgage conditions such as Buildings & Contents, Accident Sickness and Unemployment cover. Very often a lender will insist that buildings and contents insurance is purchased and/ or accident, sickness and unemployment cover is in place before mortgage monies are released. This is usually encountered with capped, discounted or fixed rate products.
| ||