My home insurance policy is assigned to my mortgage provider. I contacted the insurance provider today to discuss lowering the premium.
Besides being prevented from discussing the policy indept, I was informed that I could not lower the premium on my homes contents as the bank had set a minimum requirment.
My questions are, firstly is this legal and secondly is there a minimum limit on contents insurance within a home insurance policy?
I did contact my bank and they said that this was their requirment.
Besides being prevented from discussing the policy indept, I was informed that I could not lower the premium on my homes contents as the bank had set a minimum requirment.
My questions are, firstly is this legal and secondly is there a minimum limit on contents insurance within a home insurance policy?
I did contact my bank and they said that this was their requirment.