Insurance on House

itsthisyear

I hope this is in the right area, apologies if not.
I need house insurance to drawdown a mortgage but insurance companies don't appear to want to provide a certificate until it is occupied.
How have people overcome this?

wench

They can provide you a letter stating that cover is arranged and the mortgage provider's interest is noted.

itsthisyear

Thanks for replying. Two companies that I rang said they wouldn't be able to do it. I thought it was strange because then you would have no one drawing down mortgages.
I'll keep on my search, thanks!

Hani Kosti

Ah that's bs! How about taking insurance through your mortgage provider? You can always change after a year if you find a better offer (which you most likely will)

irlrobins

Should be fairly standard process. Until you move it, they will only provide fire cover, but once you tell them the insurance is part of an mortgage application they usually happy to send letter to bank to make them aware of the policy.

R

itsthisyear

You'd imagine it would be. I think I'll do as Hani suggested and just go with mortgage provider for the first year.
Nothing about this process is easy. It's like a hurdle is thrown at you at each step.