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Mundic property owners get GI deals

The mundic property market is at last to have access to a range of general insurance from a Cornwall broker specialising in the area.

Identifying a hole in the mundic market, Prior & Co Insurance Services is offering home and contents ins-urance specifically for this niche area serving homes built of mundic – a Cornish building material made from mining waste deemed unsafe for construction by many surveyors.

Principal Lee Prior says he had the idea after reading an article in Money Marketing about Mundic Home Loans founded up by mortgage broker Gary Martin.

Martin provides lending services for buyers frustrated at being blocked by mainstream providers from getting loans on their mundic homes.

The two brokers believe they are the only people in England to offer financial services specifically catering for the mundic prop-erty-owning community.

Prior says: “We persua-ded a major broker to app-roach Lloyd’s and are been offering mundic general insurance.”

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