Buildings Insurance

[Bazile]

I've always had my home buildings insurance cover from the same provider ever since I bought my home .

I want to change companies , as I am sure I can get cover cheaper from another provider .

However I seem to recall reading somewhere that If you change providers and happen to make a claim subsequently , then the new provider in some cases ,can refuse to pay because the problem you are claiming for, may have started during the period of cover , under the previous provider . For example subsidence .

Is this correct - or should I just go ahead and seek out a cheaper insurance policy ?

Thanks

[clever trev]

It is in my opinion better to seek out better quotes, if you stay with the same company to long they tend to take you for granted after a time, i got my house insurance down from �350 to �170, that was for house and contents, just make sure you are getting the same cover not less.

[newquizzer]

Go for it, most people do.

When you apply you are asked questions like are you aware of subsidence in the area etc and this covers you.

The post office are doing very good prices for combined contents and building cover at present and that's before the �50 cashback!

[buildersmate]

As NQ says, one of the std questions is "Does your house suffers form or has it ever suffered from subsidence?".
Provided you answer honestly to this question, you will have no problems. Subsidence either happens soon after a house is built (foundations not right - sorted out by NHBC etc inside 10 years) or after a particularly extreme event (very dry , very wet season) or because a mine underground shifts. It doesn't usually 'just happen'

[dzug]

If the event to which the claim relates is proven to have happened some time back then your old insurer may still be liable for it.

In practice I think the new one would pay and negotiate with the old for a share of the costs.