NightOwl668
Registered User
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- 13
We are about to sign Contracts, buying our new home. From reading various threads and postings on the subject of home insurance, it appears that we would be wise to take out insurance on the house once we sign/exchange Contracts.
The issue for us in this regard is that the house will require some refurb/alterations before we move in, and between time elapsed in closing sale and making the house habitable, we are talking about a few months.
Yet most of the insurance policy options we have researched would say that the quote is valid for only 30 days and the house must not be left unoccupied for periods of 30 days etc,under the terms of the policy, which it will in our case until the refurbishment etc is completed.
Not sure how to proceed with the insurance issue at this point given that we are advised to take out a policy from time we sign contract, on the basis that, from that date, we will have an insurable interest in the property. Anyone else had to deal with a similar issue ? All advice welcome ! Thanks !
The issue for us in this regard is that the house will require some refurb/alterations before we move in, and between time elapsed in closing sale and making the house habitable, we are talking about a few months.
Yet most of the insurance policy options we have researched would say that the quote is valid for only 30 days and the house must not be left unoccupied for periods of 30 days etc,under the terms of the policy, which it will in our case until the refurbishment etc is completed.
Not sure how to proceed with the insurance issue at this point given that we are advised to take out a policy from time we sign contract, on the basis that, from that date, we will have an insurable interest in the property. Anyone else had to deal with a similar issue ? All advice welcome ! Thanks !