17:29 PM, 7th May 2014, About 8 years ago 17
I have a small portfolio of four BTL’s and a few years ago I was unfortunate enough to have a buildings insurance claim on two of the BTL’s within the space of two years. Both claims were c.£800 and are through a specialist Landlord insurance provider.
When I came to renew the house insurance on my own home, where I have lived for 14 years without any claim, I was asked if I have had any claims in the last five years.
I explained that I have never claimed on my own house insurance but as a landlord with several properties I have indeed had two claims on my rental properties. I was told by this provider and by several others I subsequently called that as I have had two claims in a five year period then I was too high risk to insure and they declined to offer a quote for home insurance on my own home.
I am certain that this can not be right. After all, a landlord owning 100 BTL’s is surely expected to have more claims than somebody who owns no BTL’s but this doesn’t make them higher risk.
So, in summary, what I would like to know is; when I am insuring my own home and I am asked about my claims history, am I obliged to disclose claims on my BTL’s or only claims, if any, that pertain to my home?
Exasperated and looking forward to your comments!