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No mortgage, cheaper insurance?
Retire
Posts: 71 Forumite
The time has come for me to get buildings and contents insurance and I was just wondering because I am mortgage free will my insurance be cheaper because of this?
Or dearer, or not make any difference?
Or dearer, or not make any difference?
0
Comments
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Im not sure it asks if you have a mortgage does it? I dont do a lot of B&C but im sure it just asks if you are a homeowner.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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They often ask if you have a mortgage in case the lender wants to be named or noted on the policy. It is not a pricing question though.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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