I have bought a new property and will be moving into that as my PPR and renting out my current house. I've been on to my house insurance provider and they say the policy for the new house will be 'Fire Only' (they have marked this as an exclusion on the policy) until I move in. Likewise my current property will then have to switch to 'Fire Only' until tenants move in.
Is that normal?
The bank for the new mortgage have queried the fire only part as they were worried about water cover. I've told them what the insurance company told me so hopefully that will satisfy them.
Is that normal?
The bank for the new mortgage have queried the fire only part as they were worried about water cover. I've told them what the insurance company told me so hopefully that will satisfy them.