I co-own a Buy to Let property I purchased with a colleague 15 years ago - never had a claim until beginning of this year a leak in bathroom caused quite a bit of damage downstairs and a claim c. €8k was settled by our insurers.
I went to renew policy on my home last week and stated NO in relation to "any claims on this property in last 9+ years". Then, they sent me a form and it asked something like "have you or any member of you household had any claims in the last 3 years". I called them and told them I had but not on this property and it was a Buy to Let that I co-own.
Straight away I was told they would not insure me because I had a water damage claim in the last 3 years?
To be honest I was shocked - very worst case i thought was that I would be loaded but not banned. Is this normal, and if so how do I get insured on my residential property?
Any advice would be much appreciated,
Roy
I went to renew policy on my home last week and stated NO in relation to "any claims on this property in last 9+ years". Then, they sent me a form and it asked something like "have you or any member of you household had any claims in the last 3 years". I called them and told them I had but not on this property and it was a Buy to Let that I co-own.
Straight away I was told they would not insure me because I had a water damage claim in the last 3 years?
To be honest I was shocked - very worst case i thought was that I would be loaded but not banned. Is this normal, and if so how do I get insured on my residential property?
Any advice would be much appreciated,
Roy