Home insurance

hodge263 · 5 December 2017 at 7:44PM

Hi all,

Can any of you recommend an insurer for buildings and contents insurance? Lots of the websites I have been on state that I cannot get a quote if I have ever been bankrupt. It is 6yrs+ since I filed for BR.

Applying for a mortgage at the moment so hoping to share a success story on here soon! Fingers crossed.

Thanks

Potbellypig · 5 December 2017 at 9:08PM

hodge263 wrote: »

Hi all,

Can any of you recommend an insurer for buildings and contents insurance? Lots of the websites I have been on state that I cannot get a quote if I have ever been bankrupt. It is 6yrs+ since I filed for BR.

Applying for a mortgage at the moment so hoping to share a success story on here soon! Fingers crossed.

Thanks

Another downside to bankruptcy that they don't tell you about. I applied for business insurance last year. I had to pay £1200 when it should cost about £450.

Good luck on the mortgage.

hodge263 · 5 December 2017 at 10:10PM

Thanks very much. It’s outrageous isn’t it, it never even occurred to me that I would have trouble finding insurance.

MEM62 · 6 December 2017 at 9:49AM

hodge263 wrote: »

Thanks very much. It’s outrageous isn’t it, it never even occurred to me that I would have trouble finding insurance.

Outrageous? Probably not. Insurance premiums are risk-based - or at least they are supposed to be. You'll need an underwriter to properly explain why people who have been declared bankrupt represent a higher risk for certain types of policy but some of the higher premiums will be the result of the fact that insurance companies don't want business from certain demographic groups and therefore price their policies accordingly.

tomconfused · 6 December 2017 at 10:02AM

Hi

I must admit I’m quite surprised at this, I used compare the meet cat and it did ask and I ticked yes. I still got over 40plus quotes and set up the cheapest no problem.

I have also never had any problem getting business insurance and I set up with Hiscox last week and wasn’t even asked.

Who have you tried?

Mouse007 · 6 December 2017 at 12:02PM

Churchill don't ask about BR

hodge263 · 6 December 2017 at 12:16PM

Thanks. I have been worried about getting lots of quotes in case footprints are left on my credit file so I was hoping to get advice for specific companies to try and this is helpful.

I don't need an underwriter to explain anything to me - I understand that people are classed as a higher risk having filed for bankruptcy. However a lot of us end up in this situation due to the actions of others and I find it frustrating to continually encounter problems years down the line. Thanks for your input.

tomconfused · 6 December 2017 at 2:33PM

It won’t make any difference it’s a soft search that only you and the credit company can see. It makes no difference to your credit file at all. If you are that bothered put in all your details but a fake name. You will see it doesn’t make any difference to the quote.

hodge263 · 6 December 2017 at 5:51PM

Thanks will give that a try!

Home insurance

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