Insurance between exchange and completion

ironlady2022

Hi,

Which insurance companies have people used to insure the days between exchange and completion dates please?

krusty101

You just take out ongoing home insurance for the year. It carries on from completion. 

youth_leader

Do research the TrustPilot 1* reviews once you've chosen an insurer. I got caught out going cheap, they were cheap for a reason.  They didn't have enough staff to answer the phones, or trades to help when my roof was blown off last November.

I took the insurance for both buildings and contents at exchange.  I only had six days between exchange and completion and it hardly made any difference.

If any of your friends are Which members, ask them to look up recommended insurers, the people they survey have all had to claim.  From memory LV and John Lewis came out well in the comparison charts. 

p00hsticks

It's a while ago now, but our solicitor who was doing the conveyancing arranged a short term poicy for the gap between exchange and completion and we then set something up ourselves to start from when we had actually completed. Unfortunately I can't remember who the solicotor arranged it with, but if you ask your conveyancer they should be able to either recommend someone or arrange it themselves - they have all sorts of insurance contacts for arranging indemnity policies etc.

diystarter7

Solictors, then we esure our insurance kicks in day that ends as from mem its only a temp cover.

AlexMac

Nationwide, our lender, offered automatic cover free between exchange and completion if we took their cover from Completion (10+ years ago).  As they weren't the cheapest, we just switched after a year, but at the time it was really simple to do as part of the home loan porting process 

jonnydeppiwish!

Any insurance company you want to use. I used LV last time, Aviva this time.

philip1988

My insurance is with Churchill and when we recently moved they provided exchange to completion insurance for free

SadieO

Why is this needed please? Sorry, FTB here and hopefully exchanging soon, just figuring out everything I need to do! I thought you just started a new policy for the new house when you exchanged, and that was then just your insurance for that house going forward? Do you need a special one for in between exchange and completion? 

ironlady2022

SadieO said:

Why is this needed please? Sorry, FTB here and hopefully exchanging soon, just figuring out everything I need to do! I thought you just started a new policy for the new house when you exchanged, and that was then just your insurance for that house going forward? Do you need a special one for in between exchange and completion? 

It seems like the answers from this thread suggest it's a normal policy from exchange, so I'm happy with that. 

Mutton_Geoff

SadieO said:

Why is this needed please? Sorry, FTB here and hopefully exchanging soon, just figuring out everything I need to do! I thought you just started a new policy for the new house when you exchanged, and that was then just your insurance for that house going forward? Do you need a special one for in between exchange and completion? 

I've only ever taken out standard buildings & contents insurance at each move. Some insurers will let you double up for a few weeks (between exchange & completion when you still own your previous property) but it's likely the contents part of your policy won't be valid on the new house until completion. As always, make sure your insurer is notified about what's going on.