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  • FIRST POST
    • nightsky224
    • By nightsky224 12th Jun 19, 12:52 PM
    • 845Posts
    • 549Thanks
    nightsky224
    Property held in trust how to insure it?? (Buildings insurnace)
    • #1
    • 12th Jun 19, 12:52 PM
    Property held in trust how to insure it?? (Buildings insurnace) 12th Jun 19 at 12:52 PM
    My nan has lived in her property for 40+ years. When my grandfather passed away the property was put in trust. My nan is the life tenant. My Aunt and Uncles are the trustees with them along with other siblings as beneficiaries.

    My question is regarding buildings insurance. Who can arrange this
    - can it be in my nans name (I have been told no)
    - If in trustees name standard buildings insurance states they need to occupy the premises
    - Landlords insurance requires there to be a tenancy agreement in place etc which there isn't

    Has anyone been in a similar position?

    Thanks
    Recently married and loving it x
Page 1
    • Quentin
    • By Quentin 12th Jun 19, 1:30 PM
    • 40,488 Posts
    • 24,530 Thanks
    Quentin
    • #2
    • 12th Jun 19, 1:30 PM
    • #2
    • 12th Jun 19, 1:30 PM
    Google insure property held by trust to get lots of suggested insurers
    • nightsky224
    • By nightsky224 12th Jun 19, 3:19 PM
    • 845 Posts
    • 549 Thanks
    nightsky224
    • #3
    • 12th Jun 19, 3:19 PM
    • #3
    • 12th Jun 19, 3:19 PM
    Google insure property held by trust to get lots of suggested insurers
    Originally posted by Quentin
    Yes sadly none of the links help, lots of the examples aren't relevant or the links are to insurance cos selling insurance but no guidance
    Recently married and loving it x
    • Zorillo
    • By Zorillo 12th Jun 19, 3:43 PM
    • 591 Posts
    • 385 Thanks
    Zorillo
    • #4
    • 12th Jun 19, 3:43 PM
    • #4
    • 12th Jun 19, 3:43 PM
    Speak to a proper local insurance broker. Not a call centre. They'll be able to arrange a Property Owners policy in the name of the trustees.
    • rosierd
    • By rosierd 14th Jun 19, 10:36 AM
    • 21 Posts
    • 6 Thanks
    rosierd
    • #5
    • 14th Jun 19, 10:36 AM
    • #5
    • 14th Jun 19, 10:36 AM
    Talk to a broker on this definitely. Insurance can be arranged on a standard home insurance policy with some insurers as essentially family living in property otherwise could be treated as a property owners policy. Easily done.
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