House insurance question

**scooterscot** · 10 June 2016, 09:14

Are you talking about buildings insurance? Then it's important you have but not necessary for purchasing. Just make sure you get it in the coming months.

**CoolCat** · 10 June 2016, 09:18

Originally posted by scooterscot View Post

Are you talking about buildings insurance? Then it's important you have but not necessary for purchasing. Just make sure you get it in the coming months.

No solicitor has been very clear, they are not allowed to claim funds from mortgage company until they have seen evidence insurance is in place, its a condition of the mortgage, and to do otherwise would be fraud

So need it sorted

**scooterscot** · 10 June 2016, 09:22

Things must have changed since my day. In that case use someone like Directline. They'll provide you the PDF you're looking for the same day. This afternoon even if you're quick about it.

**kaiser78** · 10 June 2016, 09:23

Originally posted by CoolCat View Post

No solicitor has been very clear, they are not allowed to claim funds from mortgage company until they have seen evidence insurance is in place, its a condition of the mortgage, and to do otherwise would be fraud

So need it sorted

Most companies will email the certificate of insurance on the day the policy is taken out. Are you finding this is not the case ?

**WTFH** · 10 June 2016, 09:27

Step 1. Get quotes for insurance, give estimate of start date.
Step 2. Agree exchange date with vendor
Step 3. Buy the insurance with a start date of the agree exchange date.
Step 4. Some time after that, exchange.

House insurance is like car insurance - you can buy it well in advance (at least a month). You give the insurers a start date, your insurance becomes effective from that date. You'll get the paperwork through which you can then provide to the solicitors. You do not have to wait until the day of exchange to organise it!

**CoolCat** · 10 June 2016, 09:41

yea but I dont know the exchange date yet, precise date depends on a lot of things outside my control, and I want the house asap so dont want to delay things messing around with insurance

**CoolCat** · 10 June 2016, 09:42

Originally posted by kaiser78 View Post

Most companies will email the certificate of insurance on the day the policy is taken out. Are you finding this is not the case ?

yea a lot just want to post paper copy

**SueEllen** · 10 June 2016, 09:53

Originally posted by CoolCat View Post

yea but I dont know the exchange date yet, precise date depends on a lot of things outside my control, and I want the house asap so dont want to delay things messing around with insurance

Then no one can help you then.

When you buy a property both you and the vendor have an ideal exchange date. In reality this may be later.

So get in touch with the vendor, not the estate agent, and say what date do you "roughly think" we will exchange on? If they ask why explain about the insurance.

Estate agents are liars. They have a habit of telling both sides that if they don't move now the other will pull out. This is why you should be able randomly to talk to the vendor and vice versa without pressurising them. Also be aware that you may start getting letters at their house which can p*ss them off if you haven't and can't talk to them as you don't own the property.

**Forgotmylogin** · 10 June 2016, 10:01

FFS.

Lots of people in this thread talking bollocks. Anyone would think that no-one ever manages to buy houses because surely they'd face the same issue.

Have you asked your ~~accountant~~ solicitor?
He'll tell you exactly what is required.

Before your mortgage company will release funds they will need to see that insurance is in place. Get your quotes, decide who you want to go with. Once you know the proposed exchange date set that as the start date. Job done.

House insurance question