We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Online insurance quote
Options
Drillsalter
Posts: 10 Forumite
I have been completing online insurance quotes for a rental property I have. All companies I contacted gave me a quote bar 1, who said my property was high risk being to close to water and was declined. No previous flooding.
Will this decline of a quote, have an impact on getting insurance? Do I have to declare it?
Will this decline of a quote, have an impact on getting insurance? Do I have to declare it?
0
Comments
-
You should declare if insurance has been refused, but this normally refers to a different situation, where your existing insurer withdraws cover or refuses to renew. Your situation is that the property is not of a type that the insurer chooses to offer cover for, so they have declined to quote, and I don't think it's necessary to declare it.Drillsalter said:I have been completing online insurance quotes for a rental property I have. All companies I contacted gave me a quote bar 1, who said my property was high risk being to close to water and was declined. No previous flooding.
Will this decline of a quote, have an impact on getting insurance? Do I have to declare it?
I would be interested in what others think,. though.
You might want to have a look here, too.
https://www.legislation.gov.uk/ukpga/2012/6/contents/enacted
No reliance should be placed on the above! Absolutely none, do you hear?1 -
No, its a decline to quote, not a cancellation of a policy or refusal to insure. You don't need to decalre it for anything.0
-
No need to declare it.0
-
It will depend on EXACTLY what the wording of the question is on the online system for a policy with another company: I'm no expert but 99% certain they won't all be identical...0
-
If you had to declare any insurer who declined to quote, that would leave everybody who has ever used one of the comparison sites in a pickle - as there are always a bunch of insurers at the bottom of the table who don't want your business.theartfullodger said:It will depend on EXACTLY what the wording of the question is on the online system for a policy with another company: I'm no expert but 99% certain they won't all be identical...2 -
Thank you all for your comments. It has put my mind to rest.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards