Looking for advice!!

hildosaver

Hi there, Ive just purchased a house that requires renovation and is currently unoccupied. Once the renovations are complete I will look to let it out.

What I need is buildings insurance from now until all the renovation work is complete when I would then get landlord insurance once it is letted.

Is this correct? Will I be able to change from buildings to landlord insurance? Is this the best way to do it?

InsideInsurance

You wont be able to "change" as in convert a policy from one to the other but you will cancel/ lapse the unoccupied policy and then buy a landlords policy.

rs65

I would think about it the other way and look for a landlords policy that will allow a period of unoccupancy. It must be common for a rented out property to have spells of unoccupancy.

mikey72

rs65 wrote: »

I would think about it the other way and look for a landlords policy that will allow a period of unoccupancy. It must be common for a rented out property to have spells of unoccupancy.

They exclude renovation. I insured mine with Towergate, in three month blocks. Then I arranged a landlord insurance that happened to coincide with the period when I finished, and was looking for a tenant. The broker was out local Swintons, who were very good. If you have a DSS tenant, it reduces who will insure you, but again a good broker will sort that.