let it lapse. Just prior to lapsing, most insurers will contact to let you know and you can probably take out new policy again.
Looking at purchasing a 200 year old cottage as a holiday home. Any advice on who specifically who would be good to approach for insurance. Someone (Jimbobp) mentioned Lloyds and their larger risk appetite, would this be through a broker. If a survey is needed anyone any experience of this in an older house. It would have had a significant flat roofed extension added in 1990 ish.
Any advice would be appreciated.
Hi,
SNIP SNIP
The house was insured by the owner (elderly man) but 10 years ago the father put his son as an named person on the house insurance. However, the son has moved out and unfortunately father and son are no longer on talking terms.
The elderly man seemingly can't get the son off the insurance without a letter from the son stating he is no longer on the insurance. We have looked at other insurance brokers but they will not insure the house because it is over 100 years old, in very good condition might I add.
SNIP SNIP
The issue is the son attached to the insurance that seems to be the main issue.
Tilly.
Looking at purchasing a 200 year old cottage as a holiday home. Any advice on who specifically who would be good to approach for insurance. Someone (Jimbobp) mentioned Lloyds and their larger risk appetite, would this be through a broker. If a survey is needed anyone any experience of this in an older house. It would have had a significant flat roofed extension added in 1990 ish.
Any advice would be appreciated.
It's possible the OP means that the son was given authority to act / contact the insurance company wrt to the insurance and / or claim. I've done similar in the past for family members who found it difficult / tiring to handle such matters due to illness, but a full blown power of attorney wouldn't haven been appropriate.
There seems to be no regulation of insurance companies when it comes to houses over 100 years old in Ireland. They look for every excuse either to refuse or charge very high premiums. Some of the questions they ask,
1) Was the roof, plumbing, electrics replaced within the last 25-40 years?
2) Is the house in a flood zone?
3) Is the house in a area of subsidence? You get penalised if your house is within an asses roar of a house where a claim was made. They do not pay any attention to engineers reports even when they say the house is not affected by subsidence or land heave.
4) Is there someone living in the house? So if you have to get some work done before you move in, you will not be able to get insurance.
Buyers beware!
This could put you in a very difficult situation if you sign purchase contracts and find out a few days before closing the sale that you cannot get house insurance.
Insurance companies offer competitive premiums on houses with little/no risk and are allowed to refuse or charge extortinate premiums when there is even a remote sign of risk.
1) Was the roof, plumbing, electrics replaced within the last 25-40 years?
2) Is the house in a flood zone?
3) Is the house in a area of subsidence? You get penalised if your house is within an asses roar of a house where a claim was made. They do not pay any attention to engineers reports even when they say the house is not affected by subsidence or land heave.
4) Is there someone living in the house? So if you have to get some work done before you move in, you will not be able to get insurance.
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