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Q&A » Buying insurance
I'm in the process of buying a new house, which I've arranged buildings and contents insurance on through my lender. However, my current household insurance (buildings & contents) runs out in about a week. What is the best way to get insurance for the short period between this ending and moving to our new house? I don't want to waste too much money on unused periods, but daren't not be insured, in case the worst happens!
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5I'd say your best bet is to try and negotiate an extension with your existing insurer. You may also be able to transfer the policy to your new house once you have moved so you won't need to cancel it.
Nick Cooper
(A member of the lovemoney.com mortgage team)
Posted on 10 July 2009 |
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824LP
Ask your current household insurer. If you have a completion/moving date then they should be able to charge you pro-rata plus a little bit.
Beware of the cost of insuring through your mortgage lender. You don't have to insure through them.
Mike
Posted on 10 July 2009 | Love 0 loves
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