DirectLine home ins moving house???

fatfredfaefife

Good afternoon all

My Directline home ins is due for renewal end of August (we also have our car ins with them) and we are in the process of selling our house(move out end of sep), so phoned DL to see what to do and they just said cancel or renew and the cancel when you move and you will have to pay £37.10 for cancelling.
Does anyone know of a way round this...they’re not doing much to make me keep all my DL policies?
Thanks in advance.

weejonnie

I don't understand the problem. Direct Line are going to cover your house for a period after the policy is due for renewal and are therefore perfectly entitled to make a charge to cover the extra risk. You can, of course, take out a new policy on your current house, effective from renewal date and then cancel it when the house is sold (or transfer it over), but that may be even more expensive.

Have you asked DL for a quote for your new house - they would most likely be only too pleased to transfer the policy over?

*Scarlett

If you know the new property details, get a quote for the new house from D/L. If it is competitive then you can usually make an adjustment to the current policy after the renewal date - there is normally a fee but it is usually less than a canx fee.

Get a few quotes for the new property and you'll be in a better position to know what to do - stay with D/L and pay the amendment fee or insure elsewhere.

As regards to your present property I'm not sure that it would be as straight forward as lapsing the D/L policy and taking a new one as many insurers will not take on new business for a property on the market for sale or being sold - you would need to check with individual insurers.

The £37.10 sounds like a charge for the time they are insuring you for and the canx fee - not unreasonable.