House insurance

laurenjoyW

I have put my daughter and grandchildren into my house I do not charge her rent, I’m being charged house and contents insurance as a landlord as if I’m getting rent. Any ideas on what I can do to lower the cost I pay £41.99 per month for it. My daughter is autistic thank you 

silvercar

Sounds like you have taken out the wrong policy. You need to take a policy that allows you to have family members living in the property without you being there. You may need a broker as the comparison sites are for straightforward policies.
Another option would be for you to insure the building as you own it and your family to take out their own contents insurance.
Whichever way round you do it, make sure the insurers realise whose contents you are insuring.

Sandtree

Are you sure that this is what is happening and it wasn't just a poor explanation from the person you were talking to? Landlord insurance is a separate product to Home insurance and so were this the case they would be cancelling your existing policy and selling you a new Landlord policy.

Home insurers won't have an issue with you having your extended family living with you but may both increase the premiums and add an endorsement to say that theft claims will only be covered if there is evidence of forced or violent entry into the property (which are both common when non-immediate family or unrelated people live together).

I would double check with your current insurers/brokers exactly what they have done and confirm the cost of cancelling the policy. You can then shop around for a normal Home policy and compare prices given your new circumstances but obv factor in the cancellation costs to any potential savings.

PS. The above all assumes you are living in the home too... its a different kettle of fish if you are talking about a second property you own which your daughter is living in without you - at which point landlord insurance could be appropriate