Home Buyers Protection Insurance - Which companies provide?

Slaphead

Can any one Direct me to a list of companies doing this type of insurance, even better a comparison of who gives which cover for what.

So far I have found a company called Rhino, which seems to be brokered by other companies, also one called Nice1Limited.

Further to this has anyone ever claimed on one of these policies? Thanks

user1977

I don't know about providers, but bear in mind the circumstances which are covered are fairly tightly-defined e.g. (from the Rhino policy) it doesn't cover:

• problems with the title (other than the vendor being fundamentally unable to sell the property)
• problems uncovered by your survey
• 99% of the possible problems arising from the searches (only compulsory purchase)
• you deciding to pull out because negotiations are dragging on or you can't agree a completion date

Which is probably why the policies are relatively cheap, despite the high proportion of deals which fall apart.

TheJP

Pointless policy just like indemnity. You wont get anything back unless its something outlined in the ridiculous definitions. Dont waste your time and money.

Slaphead

Thank you both, I agree.

I managed to dig up 4 or 5 other companies over the course of the day. Looked at the small print and decided it was money for old rope.