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Buildings insurance before receiving keys
baz8790
Posts: 111 Forumite
When I was closing my help to buy ISA the bank teller reccomended I arranged buildings insurance as soon as I have concluded the missives (Scotland) as no matter what happens to the house between now and when I get the keys in 4 weeks I am still legally obliged to buy the house.
The missives have been concluded so I'm looking into insurance now.
Can I still legally take out insurance even though I won't be the the legal owner for 4 weeks?
The missives have been concluded so I'm looking into insurance now.
Can I still legally take out insurance even though I won't be the the legal owner for 4 weeks?
0
Comments
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Yes it is standard to need Buildings Insurance as soon as you get into any contract to buy a house. Missives in Scotland or exchange of contacts elsewhere in UK.
Just make sure that if you arrange online that you remember to include your current address for correspondence, otherwise your policy documents will get to your house before you do. You might find it easier arranging with local brokers.The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0
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