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Retrospective insurance
I thought I’d heard it all until I read a letter I just recieved from my local council.
Apparently there is a building insurance charge still to be processed for 2007 on the unit we have been renting. So they will be sending us a bill for our buildings insurance for last year.
Given that it is now 2008 I see no need to spend any money on insurance for something that is now past. I thought the whole point of insurance was to cover your self for unforeseen circumstances in the future. 🙄
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9 Replies
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Did you think you were covered last year?
Did you receive an insurance certificate?
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I really don’t know John. This has just come to light today so these are questions I need to find out answers to.
I’d like to know what would have happened if there had been a claim on the building insurance last year. I would imagine that If we had not paid a premium that was due (and if that is the case it wasn’t a deliberate act on out part) then our insurance would have been invalidated.
If they can demonstrate to us that we were covered throughout the whole of last year – then I will pay it.
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quote Phill:If they can demonstrate to us that we were covered throughout the whole of last year – then I will pay it.
That should be easy enough. They would have received an insurance certificate, so all they have to do is to let you have sight of it.
If they can’t, or can’t provide any other evidence that a policy was in force, then I think it is reasonable for you to assume that you weren’t covered and shouldn’t pay.
Stick it to ’em Phill. Why do I get the feeling that you are going to enjoy this. 😀
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Phil. tell them to go whistle.
they would say the same, if you were unable to produce your policy.
in the event of a claim.Peter
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Peter,
I’m assuming that we are talking landlord’s insurance here. Phil will have his own policy for his own kit.
I rent out a building. The tenant is responsible for the cost of insuring it but, to ensure that it is covered, I take out the policy myself and bill the tenant. Therefore, although the tenant pays, she never sees the policy or certificate.
Indeed, why should she care whether I have insured it or not. If it burned down the problem would be mine.
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quote Phill:Apparently there is a building insurance charge still to be processed for 2007 on the unit we have been renting. So they will be sending us a bill for our buildings insurance for last year.Now how much would they like it if you said ‘great because ******* happened on **/**/2007’ and I need a claim form……….and who should my cheque for 2007’s policy be made out to…….
john
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we have our own policies, but i know the landlord has his policy for the building… also we had to prove our safety of chemicals and fire exits etc to both our insurance body and the landlords one.. so did you see them?
I would starting thinking about any other units that maybe better off for yourself. We would not pay for a landlord insurance.
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quote Dave Rowland:We would not pay for a landlord insurance.This is standard practice Dave, and you may even find you are already paying it as part of your rent!
We have always had this with every property we have rented, and was part of the negotiations when we moved to our new premises recently. I am also sub-letting one of our previous units and made it quite clear to my tenant that he will be invoiced for the building insurance when it is due.
Also, I feel bad advice to start thinking about other units, when the unit Phil’s in probably meets his requirements, and the insurance premium will be in the hundreds rather than a move that will be in the thousands!
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