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Temporary insurance between exchange and completion

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  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Margot123 wrote: »
    My exchange is due to coincide with renewing the unoccupied insurance. It could be a few days either way.

    Does anyone know of an insurer that will cover for 30 days (or less) at a time. My current one is now insisting on 12 months at a cost of nearly £1k!
    That would be a massive amount to pay out for just a few days.

    Make sure that the cover you take out can be cancelled with minimal admin charges and refunds the entire unused premium. You'll have to pay up front but once you've moved you'll get most of it back.
  • Margot123
    Margot123 Posts: 1,116 Forumite
    agrinnall wrote: »
    Make sure that the cover you take out can be cancelled with minimal admin charges and refunds the entire unused premium. You'll have to pay up front but once you've moved you'll get most of it back.

    Thank you. That's good to know.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Margot123 wrote: »
    Thank you. That's good to know.
    but to stress what agrinnall said:
    Make sure that the cover you take out.....
    Read the small print carefuly!
  • AlexMac
    AlexMac Posts: 3,064 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    When we bought with a Nationwide mortgage a few years ago, we opted to commit to their own buildings insurance, because that gave us free cover from exchange, but the premium didn't kick in til completion; all set up in advance and automatically triggered, so we didn't have to juggle dates or rush about on exchange day.

    OK not the cheapest, so we dumped 'em after a year for a cheaper model (that's the kinda MSE-guy I am)
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