Cancelled house insurance

Roundincircles123

Can an insurer cancel your house insurance just because you put the house on the market ? 

DullGreyGuy

Roundincircles123 said:

Can an insurer cancel your house insurance just because you put the house on the market ? 

Read the terms of your policy which will state what reasons your insurer can cancel the policy. 

Certainly it wouldn't be normal behaviour but if someone was playing with AI and it picked something up from, for example a sales listing of the property, that doesn't match the declared facts about the property it could spark further investigation, eg if you said it was a 4 bed house but you're advertising it as a 8 bed house. 

eddddy

Roundincircles123 said:

Can an insurer cancel your house insurance just because you put the house on the market ? 

Mortgage lenders pay for a service which tells them when one of their mortgaged properties is advertised on Rightmove - either for sale or for rent.

I'm not aware that Insurers pay for a similar service for their insured properties.

To be honest, I'm not sure why Insurers would want to pay out for a service like that.

So it's very unlikely that an insurer would find out that your property is on the market, unless you told them. (But even then, I doubt they'd do anything like search Rightmove to try to find it, and I can't think of a reason why they might cancel your policy.)

Miri_J

Insurers are increasingly using multiple tools and analytics to check for fraud. So if you've got pictures on the internet that show something very different from what you are insuring then maybe? Have you watched Claimed & Shamed on BBC iPlayer?

user1977

Roundincircles1m23 said:

Can an insurer cancel your house insurance just because you put the house on the market ? 

Might help if you explained why you're asking?

Roundincircles123

The situation is rather complicated. I have a buy to let property. I recently gave my tenant notice of ending the tenancy as I had reason to believe he was not looking after the property. When I got the keys back the property had lots of damage. I contacted my insurer to see if I could claim and notify them that the property was empty and I had put it on the market. They said after 60 days the would cancel the insurance as unoccupied. Which is as per policy. However with all the bills to pay plus the prospect of cancelled insurance I came to an arrangement with my step son. He is moving in to the property until a buyer is found. He will have a tenancy agreement. 
On informing the insurer they then said it will still be cancelled due to it been on the market. 
My claim for damage was upheld and payment on its way. 

Voyager2002

Roundincircles123 said:

The situation is rather complicated. I have a buy to let property. I recently gave my tenant notice of ending the tenancy as I had reason to believe he was not looking after the property. When I got the keys back the property had lots of damage. I contacted my insurer to see if I could claim and notify them that the property was empty and I had put it on the market. They said after 60 days the would cancel the insurance as unoccupied. Which is as per policy. However with all the bills to pay plus the prospect of cancelled insurance I came to an arrangement with my step son. He is moving in to the property until a buyer is found. He will have a tenancy agreement. 
On informing the insurer they then said it will still be cancelled due to it been on the market. 
My claim for damage was upheld and payment on its way. 

Perhaps they suspect that the house will in fact be unoccupied for much of the time, and so present too great a risk of damage for their liking.

Roundincircles123

Surely they cannot cancel a policy because it is on the market, people buy and sell houses all the time. 
They have not given my notice in writing either, just verbally. 

theartfullodger

Most BTL insurance policies do not  permit renting to relatives: Read your insurance policy!  Sound like that's why insurance was cancelled. 

You really don;t want to be on a black-list for the insurance industry do you....

Talk to them and see what they say.  How odd you asked some anonymous forum why it was cancelled rather than asking the insurer.

Roundincircles123

DullGreyGuy said:

Roundincircles123 said:

Can an insurer cancel your house insurance just because you put the house on the market ? 

Read the terms of your policy which will state what reasons your insurer can cancel the policy. 

Certainly it wouldn't be normal behaviour but if someone was playing with AI and it picked something up from, for example a sales listing of the property, that doesn't match the declared facts about the property it could spark further investigation, eg if you said it was a 4 bed house but you're advertising it as a 8 bed house. 

Nothing in policy at all about putting the house on the market. I have stuck to the terms by informing them of changes. Seems very unfair 😕 

Roundincircles123

user1977 said:

Roundincircles1m23 said:

Can an insurer cancel your house insurance just because you put the house on the market ? 

Might help if you explained why you're asking?

Added more detail, didn't want to bore you to tears !