8:41 AM, 19th July 2022, About 2 years ago 3
Hi, Could I please ask for a specialist opinion? I have had a claim made on my Rent Guarantee Insurance. When I am now quoting for my Landlord Insurance (building only) I am asked about claims in the last 5 years.
Different websites formulate the question in different ways. Mostly, it sounds as: “Have any claims been made and/or any losses suffered, whether insured or not, in connection with any property(ies) currently or previously part of your portfolio in the last 5 years?”
The wording “in connection with property” is very unclear. I have tried to clarify this by calling/emailing the insurers/brokers. I can get a reply only from the customer service people whose competence I am not sure.
From some insurers, I have got answers that the RGI claim does not need to be declared and others have said it should be declared. Also, most of these replies are given on the phone so I cannot prove anything if required. If I do not declare the RGI claim then the cheaper insurances are from those who want me to declare RGI loss
My personal opinion is that RGI should not be declared as it does not affect the property.
However, I am afraid that this could be taken as misrepresentation and I may face penalising actions by the insurer or/and I can get a claim on my building insurance rejected if I need to make it in future
What would be the correct way to go?
Do they have the right to request e to include RGI claim or reject my building insurance claim if I do not declare RGI claim?
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