How To Check If a Property Is Insured: Here’s The Procedure

If you purchased your home or property several years ago and are uncertain about your home insurance status or have lost your policy details, there are methods to verify your property’s insurance coverage.

If you’re curious about your insurance provider, our guide can assist you in determining your home insurance status and provide guidance on reaching out to your insurer.

Insured Property
Insured Property: Photo courtesy (BZ Insurance)

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.

Homeowners often require buildings insurance for mortgages, signifying their responsibility.

Landlords, in contrast, are relied upon by renters for buildings insurance, which is not always a legal requirement.

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.

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 discovered that you hold a home insurance policy but feel dissatisfied with either the cost or coverage, or if you’re a first-time homebuyer in search of cost-effective 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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