Home insurance guaranteed offer of renewal

bill_on_line

Hi Group

I had heard, not sure how true it is that you are guaranteed a renewal offer from your current home insuer?

For example you suffer a flood or subsidance your current insurer if they have not gone bust etc will offer a renewal albeit at an inflated price.

Is my understanding right and is their any redress if the insurer declines/refues etc?

thanks
bill

bill_on_line

To add I am talking about guarenteed renewal after "one large claim", not excessive claims.

Quentin

Generally you aren't "guaranteed" to be offered a renewal under any circs (even if you didn't claim at all).


What was your claim for?


If your claim was for flooding, then there was an agreement that your current insurer would offer renewal, though that now depends on whether or not flood prevention schemes have been planned to be put in place where you live.

bill_on_line

Hi Quentin Thanks for your reply you have answered my question. I must of heard or read about the flooding agreement in the past and forgotten the detail and thought it might apply to other types of claims. My father had his home insurance declined/refused, but he has not made a claim if ever, it could be because his home is near a small river, but the property has never been flooded as its 50 feet above the river. bill

*Scarlett

Contact the insurer to determine the exact reason for the decline.

Sometimes insurers change underwriters and the risks that they will insure will differ.

It could be a post code issue (even if your father's property is unlikely to flood there may have been other flood claims close by), property type /construction, personal circumstances, minimum security required, etc.

You will probably have to disclose this decline to future insurers so if you can find out the reason it will help.