We took out Landlord/Building insurance when our investment property went under contract. Our insurer advised that if not rented before a certain date, it would not be covered for fire or malicious damage. We must ring them before this date. Like good customers we rang with plenty of time to spare. We were told that they will not insure a property for fire or malicious damage whilst unoccupied. They then advise to ring the Insurance Ombudsman for direction. We did this and told to ring 2 brokers. We now have been offered a "building/construction" insurance for a minimum of 6 months at a huge price.
We only require 2-4 weeks of insurance for fire and malicious damage.
Has anyone crossed this bridge???
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