All Topics / Help Needed! / insurance needed

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  • Profile photo of freestonefreestone
    Member
    @freestone
    Join Date: 2004
    Post Count: 7
    July 15, 2005 - 9:44 pm

    I’ve just bought a property to renonvate but cannot get insurance.
    The companies I’ve approached said that because the house will be vacant for three months then up for sale rather than offered for rent, they won’t insure me.
    Any suggestions?

    boatie

    Profile photo of camdercamder
    Participant
    @camder
    Join Date: 2004
    Post Count: 170
    July 16, 2005 - 12:33 am

    freestone,
    maybe the insurance company’s idea of vacant is not the same as yours!
    If you are renovating , will you not be there for some of the time .???
    They think sometimes that if a place is “vacant”,
    it can be attractive to vandals . If you are around working then the nogooders are not so attracted to the property.
    Cheers Len

    Profile photo of aussiexjaussiexj
    Participant
    @aussiexj
    Join Date: 2005
    Post Count: 61
    July 18, 2005 - 8:46 am

    Try a broker. It’s quick and easy and will probably solve your problem. Camder is right, they normally ask ‘is the property going to be visited regularly’ when you ask them to clarify vacancy. It will be tenanted when you finish working on it. This should satisfy their criteria.

    AXJ

Viewing 3 posts - 1 through 3 (of 3 total)

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