Just after some thoughts on a option I have. Through my government job I have access to discounted Insurance. I am in the process of purchasing a new IP and am looking at my options. The major differences in the cover provided is: Pros -half the price of standard cover -no excess -full replacement cover (regardless of rebuild cost) -covers loss of rent if uninhabitable -no penalty for monthly premium (good for cashflow) Cons -Not covered for malicious damage -Not covered for rental default would you consider something like this policy? They mentioned the possibility of getting a top up insurance cover for the things listed in cons through another insurer but I haven’t heard of that being a thing before? Any thoughts would be much appreciated. Cheers
What you have described sounds like a building insurance policy. You then just get a LL policy on top (from EBM, PIP, TS, etc).
