Contents insurance - when to start

camptownraces

Relative has just exchanged contracts to buy a leasehold flat.

Building is insured by freeholder, and r has a quote for contents insurance from a reputable insurer.

When should relative activate contents insurance - now or on completion?

phill99

There is no point having on tents over before you complete as the contents aren't yours to cover.

Do it from the date of completion.

G_M

Err.... let's see.... how valuable are the contents your relative currently has at the property?

If very valuable - insure them!

If he currenetly has no contents there and therefore the value is £0, insurance is unlikely to pay out much if, say, the place burns down.