Short term buildiings insurance

HugoRune_2

Hello, I'm about to sell my buy to let house which is now empty, but need to renew buildings insurance, given I will need it probably for only a month, does anyone know the cheapest way of doing this, can I get a direct debit one then cancel soon after?
Any advice much appreciated

maclean2

Probably cheapest to renew the existing insurance annd cancel when the house is sold.The company/broker will be able to tell you the refund you are paid on cancelling.


alasdair

esalan

Hi! First be aware that the insurer may place several restrictions on you because the properety is empty -- e.g. you may have to drain water tanks etc and you may not get cover for 'malicious damage', which is sadly probably one of your main concerns! Best go through a broker and let them do the work, but from recent/current experience, not many insurers will want to know you.

Regarding payment, go for monthly direct debit payments and although more expensive over a whole year (credit charges), you can cancel your diirect debit and, in theory, lose a maximum of one (incomplete) month's premiums. 'In theory', because some brokers will levy an 'administration fee' if you shorten the life of the insurance term.

Wish you luck and please let us know if you make any progress!

HugoRune_2

having a bit of a nightmare with this, no-one seems to want insure it, and the old policy runs out tomorrow, dont really fancy it burning down before I sell it when it isnt insured, heeelpp!!!!

esalan

You've had the same problems as me! The only realistic way of getting insurance is to renew with existing insurer -- even if the policy has lapsed by a few days. Ohterwise, vuirtually nio hope!

HugoRune_2

got one in the end called copeland, not cheap but beggars cant be choosers