How To Check If a Property Is Insured: Step-By-Step Guide

If you bought your house/ property years ago, you might be unsure about your home insurance status or can’t find your policy details.

But don’t worry, there are ways to check if your house is fully insured.

Insured property
how to check if a property is insured: Photo courtesy (Reddit.com)

If you’re wondering about your insurance provider, our guide will help you discover your home insurance status and how to contact your insurer.

Is my house insured?

Insurance details can be confusing for homeowners and renters.

Renters might not manage buildings insurance but could consider contents insurance for their belongings.

Homeowners likely have both, though policy specifics and renewal dates can be unclear.

For homeowners, buildings insurance is often needed for mortgages, indicating responsibility.

Renters rely on landlords for buildings insurance, which isn’t always legally required.

Contents insurance for personal belongings is common for both homeowners and renters.

How to find out if a property has insurance

Unlike checking car insurance through the Motor Insurance Database (MID), verifying home insurance isn’t as straightforward.

No central database exists for home insurance status.

Also read: Can I Insure Someone Else’s Property?

However, you can use these methods to confirm your coverage:

  1. Contact your insurance broker or financial adviser if you recall having a policy but lack details.
  2. Review bank or credit card statements for payments to a home insurance company.
  3. Search your emails for correspondence with a home insurance provider.
  4. Reach out to your mortgage provider for buildings insurance details if you got one with your mortgage.
  5. Directly contact your home insurance provider if you know you’re insured but lack documentation.

How to find cheaper home insurance

If you’ve found you have a home insurance policy but aren’t satisfied due to cost or coverage, or if you’re a first-time homebuyer seeking affordable and comprehensive coverage, follow these steps:

  1. Compare Quotes: Shop around and compare quotes from various home insurance providers. Recommendations from banks or lenders might not be the most economical choice. Research and compare to find a more budget-friendly option.
  2. Increase Excess: Like with car insurance, consider raising your voluntary excess to lower premiums. Make sure you can afford the excess if you make a claim.
  3. Bundle Policies: Look for combined buildings and contents insurance policies, often cheaper than separate ones.

For all your home insurance needs, including contents, buildings, and additional coverage, Bobatoo can assist in finding excellent deals.

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