Home insurance due but getting ready to sell.

Is there anyway I can recoup some of the money I'll be paying for my policy or is an annual renewal a sunk cost if you sell 3 months in?

Comments

  • twopenny
    twopenny Posts: 7,092 Forumite
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    You need to be covered while selling.
    When I moved I just phoned my insurers and after questions about my new house, they adjusted the price, details as part of the same policy.

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  • MattMattMattUK
    MattMattMattUK Posts: 10,606 Forumite
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    Adamc said:
    Is there anyway I can recoup some of the money I'll be paying for my policy or is an annual renewal a sunk cost if you sell 3 months in?
    You would get a pro-rata refund, minus some admin fees, you can likely transfer the policy to your new home. Overall the cost of the admin fee/transfer would be trivial compared to the costs associated with moving. 
  • Adamc
    Adamc Posts: 454 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Adamc said:
    Is there anyway I can recoup some of the money I'll be paying for my policy or is an annual renewal a sunk cost if you sell 3 months in?
    You would get a pro-rata refund, minus some admin fees, you can likely transfer the policy to your new home. Overall the cost of the admin fee/transfer would be trivial compared to the costs associated with moving. 
    Going to be renting for a while till we know the area and the job is a good fit. 
  • lincroft1710
    lincroft1710 Posts: 18,618 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You may not sell for 9 months.!


    Just renew your policy as normal (and don't forget to negotiate the renewal premium) and wait until the house is sold before worrying if you can get a pro rata refund. When I say "sold" I mean when the house actually changes hands.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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