Can I insure my parents house?

tk123

Can I insure my parents house if it's not in my name? The house is in my mum's name and I live at home but I don't know if living there (and that fact that I'll eventually inherit a share) counts as an insurable interest?! My mum "doesn't do" online quotes/calling round for quotes:rolleyes:...and I don't think I'd pass for a 70 year old on the phone lol!!
My dad in his infinite wisdom cancelled the policy years ago when they cleared the mortgage as it wasn't value for money but it's a constant worry for my Mum and me really as I live there too and pay bills etc etc

coylemj

You can't insure the house in your name. Put your mother's name on the policy, it makes no odds whose money is involved.

Problem solved.

tk123

coylemj wrote: »

You can't insure the house in your name. Put your mother's name on the policy, it makes no odds whose money is involved.

Problem solved.

I tried to get a quote last week and they wouldn't talk to me as it wasn't my house.

GrumpyMe

If you use a broker to insure your house you more than likely never speak to the insurer!
So you don't necessarily need to speak to an insurer to get insurance.

That being said how you successfully go about getting a quote for your mother to insure her house in her name it is another question but you could use a broker.

When it comes to paying the bill I doubt if any insurer or broker gives a monkeys who pays as long as it is paid

coylemj

Can't you get online quotes?

tk123

coylemj wrote: »

Can't you get online quotes?

We live in a opw flood protection zone (we've never been flooded) and most have assumptions that you're not within x meters of a river or the area has never flooded etc etc and state that we need to call them etc etc One helpful guy told me I'd have to measure the road and give the exact measurement in meters - didn't even ask for the address just read a script that it was a material fact and my policy could be cancelled if I my measurement was wrong!
My mam is happy to pay it just getting the quote!

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tk123

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Easier said that done - she's very stubborn but I'll work on her!!

That's terrible to hear about your parents house

pawrick

I used to handle all that stuff for my mother also, all insurance companies I've dealt with will send the policy doc and forms by post to your mother if you request a quote on her behalf. get her to sign it and return them. there is no way you can insure it in your own name however without having an insurable interest in the property.

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Gravelly

My wife has had a similar problem with her mother (won't speak to insurance companies on the phone) so my wife just says to the insurer "my mother has anxiety issues speaking to strangers on the phone, so I will speak to you but she will be present in the room at all times" It has always worked for her.

sbsquarepants

If she won't even bother to make a phone call, it can hardly be a constant worry for her now can it!

Gravelly

sbsquarepants wrote: »

If she won't even bother to make a phone call, it can hardly be a constant worry for her now can it!

Some elderly people have issues speaking to people on the phone about financial issues etc. It can cause them a huge amount of stress.

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Marcusm

tk123 wrote: »

Easier said that done - she's very stubborn but I'll work on her!!

That's terrible to hear about your parents house

Call a broker, they'll add EUR100 as a fee.

tk123

Marcusm wrote: »

Call a broker, they'll add EUR100 as a fee.

Actually it's all sorted! approx €300 with AXA through Chill.ie I got the quote then the spoke to her to confirm I had permission to get it etc etc

Sue Pa Key Pa

Marcusm wrote: »

Call a broker, they'll add EUR100 as a fee.

I never heard of a broker charging a €100 on a house policy. Around €30 would be the norm.

L1985

Just get a letter of authority from her-get her to sign a letter that gives you permission to speak on her behalf-I don't remember the last time my parents dealt with their own insurance I do it all for them and that works!! Scan it and email it on to the different companies

Shinfler

tk123 wrote: »

I tried to get a quote last week and they wouldn't talk to me as it wasn't my house.

Get your mother on the phone while you speak to them or email them from her email address and get her to state that she gives permission for you to talk to them on her behalf.
I did this and it works!

seamus

Glad to hear you got it sorted. If this kind of thing is an ongoing problem with your Mum, then maybe have a talk with her about granting you power of attorney. This will allow you to deal with her affairs autonomously.

A solicitor can sort it out, it's straightforward.

tk123

They spoke to my mum to confirm she was ok with me getting the quote and all sorted. **Sob** next job is my car insurance!