We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
No Consent to let - wiil LL insurance payout?
Options
Comments
-
However, most mortgage lenders insist a property is insured, and insist on being named on the insurance as an interested party. If they are not, they will soon be enquiring why the property is not insured. If they ARE listed as an interested party, they'll be sent details of the insurance by the insurerer, and will then start asking why the policy is a landlord's policy!
You need insurance for a let property (landlord's insurance) and you need to register the lenders interest with the insurer. So a policy from landlord-insurers-ltd is going to be a bit obvious. Whereas one from allanboswell or directline (who have a business arm) will not be.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
You need insurance for a let property (landlord's insurance) and you need to register the lenders interest with the insurer. So a policy from landlord-insurers-ltd is going to be a bit obvious. Whereas one from allanboswell or directline (who have a business arm) will not be.
But have you ever known any cases where these insurers have paid out for a major claim without CTL?0 -
just tell the insurance company you dont have consent to let and see what they say.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards