Insuring your new home
There are a few things to consider when it comes to insurance and moving house.
If you’re staying with the same insurance provider, let them know your new address when you have all your dates lined up. Remember, when you move house in the UK, you exchange contracts some time in advance of the actual completion day. In some cases, that might be the same day, but more often than not there is a gap of a few days to a few weeks between the two dates.
Once both properties have exchanged contracts, you have taken over legal responsibility for your new property. This means you’ll need to change the address on your existing buildings insurance policy or arrange new buildings insurance on your new place.
Be mindful that some insurers may charge you to an admin fee to change your address.
Insurance of your old property is your buyer’s responsibility once they have exchanged contracts, however your buildings insurance policy may provide cover for your buyer for any damage to the property that occurs between exchange of contracts and completion of the sale.
If you haven’t exchanged contracts on your old property then you will need to have a buildings insurance policy for both properties until it is sold. If you have contents in both properties you will also need a contents policy for each property.