Buildings insurance for a property I own but occupied by my parents

SupaSava2000

Looking for advice or anyone's experience with a similar situation. I own the property that my parents live in. I need to get buildings insurance. They don't pay me rent and they don't have a tenancy agreement, etc. Is the right product here landlord's insurance? Or will these providers insist I register as a landlord etc? I don't think standard buildings insurance is right here because I don't live at the property and they can't get buildings insurance because it's not their property. Any thoughts welcome.

huckster

Yes it won't be landlords Insurance.

It will be a policy in your name for a second property.  Easiest way is to contact the Insurers that cover the main house where you live and ask for a quote for this second property. If they won't offer a quote, as some Insurers just won't cover second properties, then contact Insurance brokers locally, who should be able to find Insurers willing to quote.

Nearlyold

huckster said:

Yes it won't be landlords Insurance.

It will be a policy in your name for a second property.  Easiest way is to contact the Insurers that cover the main house where you live and ask for a quote for this second property. If they won't offer a quote, as some Insurers just won't cover second properties, then contact Insurance brokers locally, who should be able to find Insurers willing to quote.

If you Google "Insurance for a house I own that my parents live in" All the entries from brokers like Hiscox and  Insurers say you need "Landlords Insurance"

user1977

LV insurance were the most competitive option for me with a similar situation. "Landlords'" insurance providers will cover it though if you declare the actual set-up.