Gaps in Cover Insurance

Gaps in Cover Insurance

• If you’ve struggled to secure home insurance due to past refusals or cancelled policies, finding the right cover can be challenging.
• Understanding why home insurance may be refused is crucial for securing future insurance.
• There are several common factors that insurers consider when assessing applications, and being aware of these can help you take proactive steps.
• Some reasons for home insurance refusals include:
  • Previous Claims: Insurers may be cautious if you have a history of frequent or significant claims.
  • Poor Credit History: A low credit score can impact your eligibility for standard home insurance.
  • Non-Disclosure: Failing to disclose important information during the application process can lead to refusals.
  • High-Risk Occupations: If your profession is considered high-risk, insurers may be more cautious.
  • Unoccupied Property: Homes left unoccupied for extended periods can pose higher risks.
  • Property Condition: If your property has maintenance issues or requires significant repairs, it may be deemed high-risk.