We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Insuring a house near a small brook.
Comments
-
Have you asked current owner who they are insured with?0
-
I'm sure it did previously under CML. 6.14.2 listed the requirements. Standard terms, excess of no more than £1,000 for subsidence, heave & landslip and one or two others I'm struggling to recall.user1977 said:
Though if buying with a mortgage, I would guess any lender would expect the cover to include flooding (curiously the Lenders' Handbook just refers to "buildings insurance" and doesn't specify a standard set of risks).FreeBear said:The alternative is to look for insurance that doesn't have cover for flood damage - Pretty sure there are policies available with that exclusion.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
THanks for the replies. The present owner pays over £1000 for insurance, I tried Axa who would not insure it. I tried Direct
line £1200. I tried Sainsburys £330 but when you add the flood risk £1700. The property has never flooded but predicted to suffer from flash flooding in the future. As someone said the problem is getting a human to quote and not a robot computer.
I will try Astrolark and Adrian FLux. Thanks for all the replies.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards