Sky House Insurance will no longer cover us - why?

Pickledonionlover

Hi there

I wonder if anyone else has been insured by these and has the same experience.

Having held house insurance for close to 30 years, with the last being with Sky, we've never made any sort of claim.

Hence intrigued (before we start to look elsewhere) why the decision has been made at renewal time.

Background is it's a very old house but in good order with no mortgage.

TIA

Woodstok2000

You don't fit their risk profile. No big deal, plenty of other insurers out there.

sheramber

The only people who can answer that is the underwriters for the policy.

Aretnap

Insurers change their risk appetites and target markets all the time, so it's not particularly unusual for an insurer to give you a competitive quote one year, then an uncompetitive quote or even no quote the next.

Perhaps this particular insurer has decided that they no longer want to insure "very old" houses, due to the extra costs of doing building works on them if the worst happens.

Or it may be nothing specific to the house and to do with overall risk profile. For example insurers don't ant to insure too many housed in the same area - it leaves them vulnerable to a very big total payout of there's a flood in that area or similar. If they find that they're already insuring too many houses in your street, they might just decline further business in your street until they have a better spread of coverage.

Or any of a dozen other reasons. It's very unlikely that they'll tell you the reason, so best just just look elsewhere and move on.

Pickledonionlover

Some very informative responses here folks

Thank you