Refused House Insurance Again

faolteam

A few months ago I couldn't insure a house as it was going through probate as no names was on the deeds , the insurance company at the time said that there has to be names on the deeds  and that is why they could not insure the house comeback when you have the names  finalized on Deeds so today they were finalized. The house is now  in 4 siblings names  and after a bit of one moment,  they refused me  even though I told them what they had told me they then changed there tune and to every question I queried I got a barage to every answer was the Underwriters , Underwriters  issue, 
Absolute Joke even when I tried to complain to ombudsman , Financial and Pension insurance etc they sent me around in circles, 

Anyone ever have this issue and can Institutions do what they want ?

steinbock123

Try a different insurance company / broker.

Jim2007

https://www.boards.ie/discussion/2058398195/refused-house-insurance-again

First of all as you originally did not have in insurable interest in the property, so you were not refused insurance at that time.

Second nobody has to do business with you. If the underwriters feel the risk is too great for them to take on, then it is not going to happen.

And third there is nothing to complain to the ombudsman about, so don't be surprised if they are unable to help.

The only way to make progress with financial matters is to address the facts. What exactly were the reasons given for the rejection. Is there something in particular wrong with the property that makes it high risk? Is so can it be fixed? If the particular underwriters were over exposed, were other underwriters not considered etc…

The more factual information you provide the better chance someone here can give you some pointers on how to move forward.

faolteam

Firstly I did have the house insured with them for over 15 years never had a claim.

Risk Above answers that.

As stated the Underwriters have an issue with this. Because any more than 2 people on the Deeds is an issue.

Because there are 4 different Siblings on the deeds. (Only reason)

I have no problem shopping around now, I would never deal with them again.

I'm saying that Any insurance Company can refuse you on an Answer like that is that correct.

So if I go to a pub and want 4 beers I can only have 2 because the Owner doesn't Approve it, Seriously

Jim2007

https://www.boards.ie/discussion/comment/123210452#Comment_123210452

You can not force people to do business with you and you certainly can't force someone to assume a financial risk for you, it would be unconstitutional to do so. Nor will what happened in the past have much of an impact on it especially since this is an entirely different situation as there are three new people seeking cover plus yourself.

I could be wrong, but I'd expect that the insurer will have tried several underwriters seeking cover. So I would not be sure how much difference shopping around would. There are a couple of people on here who work in the industry, so perhaps one of them will comment.

I'd say try a few more and if you are still coming up against the four names no the deeds problem, perhaps consult an insurance broker as they'd be more familiar with special situations and who'd be likely to underwrite them.

Hibernicis

Lots of helpful advice here as well:

https://www.askaboutmoney.com/threads/refused-house-insurance-again.239689/

daheff

the executor of the estate should have been able to insure the property while it was going through probate.

thesandeman

https://www.boards.ie/discussion/comment/123210452#Comment_123210452

The final paragraph is 100% correct.

3DataModem

https://www.boards.ie/discussion/2058398195/refused-house-insurance-again

To answer your questions

1. Yes I've heard of the issue. The Executor of the estate has an insurable interest and insurance companies can absolutely insure places in that situation. They generally only refuse if the place is left empty for extended periods, has previous leaks, has previos breaks in insurance, etc. "You" say "you" couldn't insure the house… are you the executor?
2. Institutions can do what they want within reason. Say for example a house is going through probate, there's some dispute about items going missing from the house, there are four beneficiaries but they are squabbling over stuff in the house. The insurer knows this well, and is not going to take a risk where (a) nobody is looking after the place and (b) beneficiaries are helping themselves to contents already. Am I getting warm?

Lenar3556

https://www.boards.ie/discussion/comment/123262698#Comment_123262698

An insurer would be very unlikely to have personal knowledge of family relations in a house insurance case.

Eggs For Dinner

https://www.boards.ie/discussion/comment/123265813#Comment_123265813

Correct. That's why many insurers will assume the worst and stay away from probate risks

3DataModem

https://www.boards.ie/discussion/comment/123265813#Comment_123265813

they’ll ask who lives there. They’ll ask is it subject to probate. They’ll ask who the executor is. They’ll ask are the current residents under a tenancy agreement. And they'll fill in the blank.

faolteam

Just an update I got this sorted with Allianz no issues at all , didn't even ask me for the documentation, and even better one of the cheapest insurances I ever got , Thanks for your advice special thanks to Axa for not insuring me👍