Vinesh

Does anyone offer house insurance for only 1 month?

We have sold our current house and we need to move out in about 2 weeks time. We can't cancel our current poilcy because the house will be un-insured.

We require a second policy for the new house and to satisfy mortgage requirements.

Once we move in to our new house, the new policy will end and w can transfer our old policy to the new house.

Any advice would be apprecieted.

fast bloke

Take out an annual policy which you pay monthly. Once you have no requirement for it, cancel it.

Vinesh

Fast thinking fast bloke.

Thanks for that, I didn't think of that.

douglasb

Vinesh - why not explain to your current insurer what you want to do. There's no law against having more than one property insured. In the past, I've found that mortgage companies, insurers, etc., can be very flexible if you are straight with them and they think there is more business coming to them.

Likely to be cheaper than taking out a policy which gets cancelled after a month.

Doug

Vinesh

I spoke to my ins company and they recommended I take a 2nd policy out and cancel my old polcy when we move houses. They both cost the same.

David Lock

As per Doug's comments. We simply told our insurers the sp and they covered the new place from exchange to completion at no extra charge. We then got slight refund as new place was in a less risk postcode. Good luck with the nightmare (sorry meant move, ed). D

Vinesh

Nightmare, tell me about. My bald patch is getting bigger !!

BOB.T

OOH, I have a question too

I'm looking at buying my first house, I've been quoted, from my financial adviser, £31 pound a month...that buildings and contents on a £60,000 house...I think it includes $40,000 contents. Does this sound reasonable? Obviously I'm a little unsure as this is the first time I've been in this situation...I'd ask my dad but we don't have any!

They've offered my serious illness cover too at £18 a month...what do ya reckon?

Cheers

douglasb

BOB.T - I'm paying about £31 per month, but am getting more than twice the cover you're talking of. Depends on postcode though. Contents cover is (obviously) more expensive in someplace like Brixton than somewhere semi-rural. Buildings cover will be more expensive in areas known for subsidence, etc.

Shop around; try the Direct Line or AA Insurance websites to get an idea of prices.

Is your mortgage lender insisting on a particular insurer? I know they all used to do this, but don't' know the current situation.

Doug

BOB.T

Cheers Doug

The mortgage company insist on insurance but they're not fussed who with...the quote I have isn't with them. It was offered by my financial advisor bloke...he seems a nice chap and I do trust him, I just wanted to put my mind at rest having not been in this situation before.

fast bloke

BOB - Depends entirely on your postcode. Belfast postcodes for 'standard' L&G cover (£400,000 buildings and £60,000 contents) can range from £12.00 per month to £48.00 per month.... and that is in one city.

Critical illness cover can vary widely but depends on DOB, term and wether or not you smoke. Shop arond on the net for a comparison