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  • FIRST POST
    • hodge263
    • By hodge263 5th Dec 17, 7:44 PM
    • 39Posts
    • 5Thanks
    hodge263
    Home insurance
    • #1
    • 5th Dec 17, 7:44 PM
    Home insurance 5th Dec 17 at 7:44 PM
    Hi all,

    Can any of you recommend an insurer for buildings and contents insurance? Lots of the websites I have been on state that I cannot get a quote if I have ever been bankrupt. It is 6yrs+ since I filed for BR.

    Applying for a mortgage at the moment so hoping to share a success story on here soon! Fingers crossed.

    Thanks
Page 1
    • Potbellypig
    • By Potbellypig 5th Dec 17, 9:08 PM
    • 162 Posts
    • 75 Thanks
    Potbellypig
    • #2
    • 5th Dec 17, 9:08 PM
    • #2
    • 5th Dec 17, 9:08 PM
    Hi all,

    Can any of you recommend an insurer for buildings and contents insurance? Lots of the websites I have been on state that I cannot get a quote if I have ever been bankrupt. It is 6yrs+ since I filed for BR.

    Applying for a mortgage at the moment so hoping to share a success story on here soon! Fingers crossed.

    Thanks
    Originally posted by hodge263
    Another downside to bankruptcy that they don't tell you about. I applied for business insurance last year. I had to pay £1200 when it should cost about £450.

    Good luck on the mortgage.
    • hodge263
    • By hodge263 5th Dec 17, 10:10 PM
    • 39 Posts
    • 5 Thanks
    hodge263
    • #3
    • 5th Dec 17, 10:10 PM
    • #3
    • 5th Dec 17, 10:10 PM
    Thanks very much. Itís outrageous isnít it, it never even occurred to me that I would have trouble finding insurance.
    • MEM62
    • By MEM62 6th Dec 17, 9:49 AM
    • 1,394 Posts
    • 1,009 Thanks
    MEM62
    • #4
    • 6th Dec 17, 9:49 AM
    • #4
    • 6th Dec 17, 9:49 AM
    Thanks very much. It’s outrageous isn’t it, it never even occurred to me that I would have trouble finding insurance.
    Originally posted by hodge263
    Outrageous? Probably not. Insurance premiums are risk-based - or at least they are supposed to be. You'll need an underwriter to properly explain why people who have been declared bankrupt represent a higher risk for certain types of policy but some of the higher premiums will be the result of the fact that insurance companies don't want business from certain demographic groups and therefore price their policies accordingly.
    • tomconfused
    • By tomconfused 6th Dec 17, 10:02 AM
    • 14 Posts
    • 7 Thanks
    tomconfused
    • #5
    • 6th Dec 17, 10:02 AM
    WHo are you trying?
    • #5
    • 6th Dec 17, 10:02 AM
    Hi

    I must admit Iím quite surprised at this, I used compare the meet cat and it did ask and I ticked yes. I still got over 40plus quotes and set up the cheapest no problem.

    I have also never had any problem getting business insurance and I set up with Hiscox last week and wasnít even asked.

    Who have you tried?
    • Mouse007
    • By Mouse007 6th Dec 17, 12:02 PM
    • 98 Posts
    • 56 Thanks
    Mouse007
    • #6
    • 6th Dec 17, 12:02 PM
    • #6
    • 6th Dec 17, 12:02 PM
    Churchill don't ask about BR
    • hodge263
    • By hodge263 6th Dec 17, 12:16 PM
    • 39 Posts
    • 5 Thanks
    hodge263
    • #7
    • 6th Dec 17, 12:16 PM
    • #7
    • 6th Dec 17, 12:16 PM
    Thanks. I have been worried about getting lots of quotes in case footprints are left on my credit file so I was hoping to get advice for specific companies to try and this is helpful.

    I don't need an underwriter to explain anything to me - I understand that people are classed as a higher risk having filed for bankruptcy. However a lot of us end up in this situation due to the actions of others and I find it frustrating to continually encounter problems years down the line. Thanks for your input.
    • tomconfused
    • By tomconfused 6th Dec 17, 2:33 PM
    • 14 Posts
    • 7 Thanks
    tomconfused
    • #8
    • 6th Dec 17, 2:33 PM
    • #8
    • 6th Dec 17, 2:33 PM
    It wonít make any difference itís a soft search that only you and the credit company can see. It makes no difference to your credit file at all. If you are that bothered put in all your details but a fake name. You will see it doesnít make any difference to the quote.
    • hodge263
    • By hodge263 6th Dec 17, 5:51 PM
    • 39 Posts
    • 5 Thanks
    hodge263
    • #9
    • 6th Dec 17, 5:51 PM
    • #9
    • 6th Dec 17, 5:51 PM
    Thanks will give that a try!
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