We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Insuring a home that is being revonated
EmOli
Posts: 6 Forumite
I am a first-time buyer purchasing a repossession property. I am planning to get around £20,000 of internal refurbishment done on the property prior to moving in. I currently live in rented accommodation and hold contents insurance with 5 years no claims.
I need (at least) buildings insurance on the new property, while maintaining the contents insurance at my rental property. This seems to be causing major problems - as both the buildings and contents insurers will only cover me if it is my 'main residence'. I am also struggling to find affordable buildings cover as I will not be living there full-time in the first instance and the fact I will be doing building works is also raising the premium.
Any suggestions would be most gratefully received.
I need (at least) buildings insurance on the new property, while maintaining the contents insurance at my rental property. This seems to be causing major problems - as both the buildings and contents insurers will only cover me if it is my 'main residence'. I am also struggling to find affordable buildings cover as I will not be living there full-time in the first instance and the fact I will be doing building works is also raising the premium.
Any suggestions would be most gratefully received.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards