We'd like to remind Forumites to please avoid political debate on the Forum... Read More » 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.

Home insurance for a home that is in a trust

tessmurphy59

tessmurphy59 Posts: 8 Forumite

Third Anniversary

First Post

26 May 2024 at 11:46AM in Insurance & life assurance

My grandchildren’s home is in a trust for them as they have tragically lost both of their parents.
I am finding it difficult to find a reasonable home insurance because of this. The broker is charging over a hundred pounds extra in the renewal £412.66.

I would be most grateful if anyone could help. If it wasn’t in a trust I could get a policy for £150.00.

Thank you

0

Comments

Keep_pedalling Posts: 20,426 Forumite

26 May 2024 at 4:45PM

Are the children living there?

0
tessmurphy59 Posts: 8 Forumite

26 May 2024 at 6:05PM edited 26 May 2024 at 7:11PM

Yes one grandson is and myself.

0
DullGreyGuy Posts: 17,805 Forumite

28 May 2024 at 8:58AM

tessmurphy59 said:

Yes one grandson is and myself.

So the others with an interest in the property aren't living there? Are these children or adults?

0
tessmurphy59 Posts: 8 Forumite

28 May 2024 at 9:38AM

My other grandson lives with his granny and they are both children. My niece and myself are the trustee’s.
Thank you

0
tessmurphy59 Posts: 8 Forumite

31 May 2024 at 2:25PM

Hi , did you have any ideas for home insurance for the trust please?

Thank you

0

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

Categories

All Categories
350.3K Banking & Borrowing
252.9K Reduce Debt & Boost Income
453.2K Spending & Discounts
243.3K Work, Benefits & Business
597.9K Mortgages, Homes & Bills
176.6K Life & Family
256.4K Travel & Transport
1.5M Hobbies & Leisure
16.1K Discuss & Feedback
37.6K Read-Only Boards

MSE News

Which NatWest and RBS branches are closing from 2025? Here's the full list – and banking alternatives
NatWest and Royal Bank of Scotland (RBS), which are both part of the NatWest Group, will shut at least 108 of their bank branches in 2025 and beyond, after the Group announced a further 52 NatWest closures.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
Winter Fuel Payments will be reinstated to all pensioners in England and Wales this winter – but will be clawed back automatically from those earning over £35,000 a year, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up. MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis.
Car finance mis-selling update: regulator prepares for compensation scheme – and warns against using claims firms
Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.
Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
Winter Fuel Payments will be extended to all pensioners with incomes of £35,000 or less this winter, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up.
Winter Fuel Payments extension confirmed for this winter – watch Martin Lewis' instant response and his message to the Chancellor
Winter Fuel Payments will be extended to more pensioners this winter – though not to everyone – the Chancellor has today confirmed. However, exact details of who will now qualify still remain scant. Watch MoneySavingExpert.com founder Martin Lewis give his instant response, as well as his key message for Rachel Reeves.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account in June or July as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.
Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
If you had an energy prepayment meter forcibly installed or your smart meter was remotely switched to prepay mode without your permission, you could be entitled to compensation of up to £1,000 and may even be eligible to have your energy debts written off.
Tesco shopper? It's your last chance to use £15 million worth of Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check if you have any vouchers close to expiring, as nearly £15 million-worth are due to run out on Saturday 31 May. Don't want to spend your vouchers yet? We've got a trick to extend their validity.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account next month as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.