Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Murphy_The_Cat
    • By Murphy_The_Cat 18th Sep 19, 8:00 PM
    • 19,733Posts
    • 25,710Thanks
    Murphy_The_Cat
    Insuring a house that my parents live in
    • #1
    • 18th Sep 19, 8:00 PM
    Insuring a house that my parents live in 18th Sep 19 at 8:00 PM
    I'd be very grateful if anyone can offer me some pointers



    My sister (who lives abroard) and I have recently been "willed a house".
    Our parents will live in the house until the end of their days, rent free.
    The house is Grade 2 Listed.


    In the next month, the buildings insurance policy is coming up for renewal.


    How do I get a policy which covers the property, without spanking my sister and I in the pocket ?


    The complications seem to be a)there are family members living in a house that we own, rather than paying tenants &b) the property is Grade 2 Listed.


    Currently, my parents pay for contents insurance out of their own pocket, but my sister and I would be happy to insure under a buildings and contents basis if it could be done economally and effectively.



Page 1
    • AnotherJoe
    • By AnotherJoe 18th Sep 19, 8:07 PM
    • 15,958 Posts
    • 19,169 Thanks
    AnotherJoe
    • #2
    • 18th Sep 19, 8:07 PM
    • #2
    • 18th Sep 19, 8:07 PM
    I'd be very grateful if anyone can offer me some pointers

    My sister (who lives abroard) and I have recently been "willed a house".
    Our parents will live in the house until the end of their days, rent free.
    The house is Grade 2 Listed.
    In the next month, the buildings insurance policy is coming up for renewal.
    How do I get a policy which covers the property, without spanking my sister and I in the pocket ?
    The complications seem to be a)there are family members living in a house that we own, rather than paying tenants &b) the property is Grade 2 Listed.
    Currently, my parents pay for contents insurance out of their own pocket, but my sister and I would be happy to insure under a buildings and contents basis if it could be done economally and effectively.
    Originally posted by Murphy_The_Cat

    Can your parents not take out the insurance, and then you reimburse them?
    Please dont criticise my spelling. It's excellent. Its my typing that's bad.
    • Murphy_The_Cat
    • By Murphy_The_Cat 18th Sep 19, 8:20 PM
    • 19,733 Posts
    • 25,710 Thanks
    Murphy_The_Cat
    • #3
    • 18th Sep 19, 8:20 PM
    • #3
    • 18th Sep 19, 8:20 PM
    Can your parents not take out the insurance, and then you reimburse them?
    Originally posted by AnotherJoe

    Sadly not - they don't own the house and all policies that I've found so far specifically ask if you own the house and then go on to ask who lives in the house.



    • Clifford_Pope
    • By Clifford_Pope 19th Sep 19, 7:00 AM
    • 4,315 Posts
    • 5,257 Thanks
    Clifford_Pope
    • #4
    • 19th Sep 19, 7:00 AM
    • #4
    • 19th Sep 19, 7:00 AM
    When I asked my insurance company about insuring a house a family member lived in they said I needed landlord insurance. Whether the tenant pays rent or not was not relevant.
    • Robin9
    • By Robin9 19th Sep 19, 7:04 AM
    • 4,969 Posts
    • 3,240 Thanks
    Robin9
    • #5
    • 19th Sep 19, 7:04 AM
    • #5
    • 19th Sep 19, 7:04 AM
    As its Listed - NFU or Ecclesiastical. Expect to pay far more than a standard house.
    Never pay on an estimated bill
    • Zorillo
    • By Zorillo 19th Sep 19, 8:09 PM
    • 593 Posts
    • 387 Thanks
    Zorillo
    • #6
    • 19th Sep 19, 8:09 PM
    • #6
    • 19th Sep 19, 8:09 PM
    Most Property Owners insurers will offer to cover this situation but you will probably need to speak to a broker rather than trying to sort it directly.
    • eddddy
    • By eddddy 19th Sep 19, 9:13 PM
    • 8,531 Posts
    • 8,816 Thanks
    eddddy
    • #7
    • 19th Sep 19, 9:13 PM
    • #7
    • 19th Sep 19, 9:13 PM
    My sister (who lives abroard) and I have recently been "willed a house".
    Originally posted by Murphy_The_Cat
    Do you mean gifted a house? (So you now own the house.)

    Or do you mean, it's being left to you in your parent's will when they die? (So for the moment, they own the house.)

    Obviously, if they still own the house, they would have a regular home insurance policy - which you could pay for, if you want.

    In the next month, the buildings insurance policy is coming up for renewal.
    Originally posted by Murphy_The_Cat
    But if you own the house, you should have arranged insurance from the date of transfer. You shouldn't be waiting for the policy renewal date.

    The current buildings policy would probably be invalid, as your parents no longer own the property.

    So you need to deal with it urgently.
    • Murphy_The_Cat
    • By Murphy_The_Cat 20th Sep 19, 11:13 PM
    • 19,733 Posts
    • 25,710 Thanks
    Murphy_The_Cat
    • #8
    • 20th Sep 19, 11:13 PM
    • #8
    • 20th Sep 19, 11:13 PM
    Do you mean gifted a house? (So you now own the house.)

    Or do you mean, it's being left to you in your parent's will when they die? (So for the moment, they own the house.)

    Obviously, if they still own the house, they would have a regular home insurance policy - which you could pay for, if you want.



    But if you own the house, you should have arranged insurance from the date of transfer. You shouldn't be waiting for the policy renewal date.

    The current buildings policy would probably be invalid, as your parents no longer own the property.

    So you need to deal with it urgently.
    Originally posted by eddddy

    The house has been left to my sister and I from another family member rather than my parents (who live there).
    The existing insurers are aware of the current ownership status.



    • xylophone
    • By xylophone 21st Sep 19, 12:27 AM
    • 31,371 Posts
    • 19,449 Thanks
    xylophone
    • #9
    • 21st Sep 19, 12:27 AM
    • #9
    • 21st Sep 19, 12:27 AM
    The testator gave the "right of occupation" to your parents for their lifetimes - a "quasi trust" situation as discussed in your other post.

    It might be worth looking here ( and mentioning the Grade 2 listing).

    https://www.ukinsurancenet.com/property-insurance/property-trust-insurance/
    • Murphy_The_Cat
    • By Murphy_The_Cat 21st Sep 19, 6:51 AM
    • 19,733 Posts
    • 25,710 Thanks
    Murphy_The_Cat
    The testator gave the "right of occupation" to your parents for their lifetimes - a "quasi trust" situation as discussed in your other post.

    It might be worth looking here ( and mentioning the Grade 2 listing).

    https://www.ukinsurancenet.com/property-insurance/property-trust-insurance/
    Originally posted by xylophone

    it's going to be (another) conversation with the solicitor to see EXACTLY the ownership status is of the property so that my sister and I can correctly insure it - nothings ever straightforward, is it ?



    • xylophone
    • By xylophone 21st Sep 19, 10:47 AM
    • 31,371 Posts
    • 19,449 Thanks
    xylophone
    nothings ever straightforward, is it ?
    Not where a trust may be involved, no, (and I speak from experience).

    I strongly suggest that you clarify the situation because there may be other considerations (as well as buildings insurance).
    • Murphy_The_Cat
    • By Murphy_The_Cat 23rd Sep 19, 4:17 PM
    • 19,733 Posts
    • 25,710 Thanks
    Murphy_The_Cat
    Thank you all for your contributions to this thread.
    After reading the suggestions/opinions of posters on here and emails from my solicitor, I'm now much clearer as what I need/dont need.
    Its also opened up my eyes to some additional things that I need to.



Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,907Posts Today

6,805Users online

Martin's Twitter