House insurance due - But moving

mars_2

Hi

My parents house insurance is due on Sept 1st but they have agreed but not signed anything yet to sell the house and will be buying a new property in late sept.

Is it possible to get a monthly cover??

A_Nice_Englishman

Your parents need to speak to their insurers but someone else who is insured with the same company may be able to tell you if you post the name of the company.

I'm sure they they will refund or transfer the cover to your parents' new property once the completion date is known.

mars_2

Not sure of the name of the company.

I know the amount asked is around £240 and they do give a refund if cancelled, with a pro rata cost per month and a £25 cancellation charge.

So it would cost around £45 if cancelled after 1 month.

Woby_Tide

can they not run a few comparison quotes through for the new house they will be buying, they may find one insurer is close to being cheapest on both the current and future properties so taking a small hit fo rthe 1 month may make the best sense

suffolkb

I`ve moved a few times and always just transferred the insurance to the new place. I can`t remember ever having to pay anything for this. Could be as I am usually with one of the firms that insures up to a certain value and my new place still falls under that figure. Saves adding up everything you have.
If they stay with co A until the move and then change to co B, make sure that one of them cover the posessions during the move.
Another thought - if moving to a higher risk area, then the premium might go up.