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Buying a house which has had insurance claim - advice
DIYhelp76
Posts: 278 Forumite
Hi all,
I'm helping a relative who is buying a house.
The seller has disclosed that he made an insurance claim for electrical remediation work following accidentally damaging electric wiring. We understand that some re-wiring was necessary and possibly a new consumer unit.
Please can anyone advise whether this history of a claim on a house is likely to affect the availability and/or increase the cost of buying insurance for a new owner. I know from taking my own house insurance out that they always ask a question about whether you as a person have made any previous claims but do they also consider the claims history of another person tied to a particular property?
Are there any other considerations?
Many thanks.
I'm helping a relative who is buying a house.
The seller has disclosed that he made an insurance claim for electrical remediation work following accidentally damaging electric wiring. We understand that some re-wiring was necessary and possibly a new consumer unit.
Please can anyone advise whether this history of a claim on a house is likely to affect the availability and/or increase the cost of buying insurance for a new owner. I know from taking my own house insurance out that they always ask a question about whether you as a person have made any previous claims but do they also consider the claims history of another person tied to a particular property?
Are there any other considerations?
Many thanks.
0
Comments
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Nope, won't matter.Officially in a clique of idiots0
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The only claims that might affect the premium would relate to structural issues with the property, which the buyer would disclose on the TA6. Accidental damage isn't relevant. The clumsy sod would have moved on."Real knowledge is to know the extent of one's ignorance" - Confucius0
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The seller has disclosed that he made an insurance claim for electrical remediation work following accidentally damaging electric wiring..
That is odd, why would he do that? It's of no consequence.
Has he also disclosed that he filled in a few holed in the wall where a shelf used to be?0 -
Insurers share information about claims histories on a shared database called CUE.
So insurers may be able to see that there was a claim at your property. It's up to the insurer how they use that information.
(Insurers do a lot of 'profiling'. So, for example, if lots of people in a particular postcode make accidental damages claims - their computer model might draw conclusions from that.)0 -
That is odd, why would he do that? It's of no consequence.
Has he also disclosed that he filled in a few holed in the wall where a shelf used to be?
Question 6.3 on the TA6 is
"Has the seller made any building insurance claims? If yes, please give details."
It's not unusual for the solicitor to ask the vendor the same question again."Real knowledge is to know the extent of one's ignorance" - Confucius0
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