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T O P I C    R E V I E W
grantspants Posted - 08 October 2008 : 17:57:43
Hi folks,

I have just reduced what was my building and contents insurance for my mortgaged home to contents only for the rented house we move into on the weekend.
When I was reading through the paperwork, under the 'qualification acceptance' part, it said 'never been declared bankrupt'.

Now I've been with this company a while, 2/3 years. So can I take it the insurance would be void, because i'm BR now?

I'm reluctant to tell them about my BR, but guess I will have to, they may demand payment for the year up front, or not cover me at all. The only way I can think of is to transfer the cover into my wifes name.

Anyone have any thoughts/ideas on this?

Many thanks
2   L A T E S T    R E P L I E S    (Newest First)
Needafriend Posted - 08 October 2008 : 18:32:28
Hi GP

Im with More Than an di called them about mine and me being a BR and they said they were not worried.

Can you call them anonymously and just see what they say.

Best of luck

Jo x
Your Mother Hen :-)

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/
digman Posted - 08 October 2008 : 18:07:03
Hi gp ,

I would suggest you would be best cancelling the policy and starting a new one in your wifes name ( as long as she isnt BR as well ) as in the event of a claim the insurance could well be voided as one of the statement of facts is untrue .
Insurance companies generally try to find any reason not to pay out if they can help it and this would be a great ' get out ' for them .

Its purely an opinion gp , and im sure other members will post their thoughts as well ,

Take care ,

Andy

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