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I recently did this, and I took out a policy with whoever was cheapest and then cancelled it as I was within the cooling down period.
Then I adjusted my contents cover with Pedal Cover and introduced buildings cover to it. IIRC it turned out they could have done a thing to cover me between exchange and completion anyway, so it might be worth asking around
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"I think my best option is to take out a combined contents and building insurance policy on the house we're buying, starting on exchange date. Then, once we move our contents out of the rental house, call up the insurer and ask to cancel the contents policy."
Yes, this is what we did.
jackbepablo
ELbowloh
@hazzelfrazzel
How to handle building and contents insurance during a house move? We've only ever previously bought a leasehold flat where the leaseholder sorts the building insurance, so I've never really thought about this before.
We're moving from a rental house (where the landlord insures the property and we insure the contents) to a mortgaged house (where we obviously need to cover both).
I've been told that I will need to insure the building from the exchange date onward, and that the solicitor will want to see proof of insurance.
I also want to make sure my contents are insured with no lapse in coverage.
Current insurer won't cover the new house as a combined buildings and contents policy - I'm not sure why.
I think my best option is to take out a combined contents and building insurance policy on the house we're buying, starting on exchange date. Then, once we move our contents out of the rental house, call up the insurer and ask to cancel the contents policy.
Anyone spot any gaps in my logic, or other options that might work better?