Home insurance when away for more than 60 Days & Home is held in a Trust

Discussion in 'Motorhome Insurance General Discussion' started by PhilandMena, Aug 4, 2018.

  1. PhilandMena

    PhilandMena Funster

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    Looking for an insurer who will insure our buildings and contents for more than 60 days at a time and with the home being placed in a Trust. Does any member know for certain an insurance company who will provide cover for the above.
    Thanks in advance,
    Philip
     
  2. Figaro

    Figaro Funster

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    Don't think the Trust will make any difference to insurance
     
  3. PhilandMena

    PhilandMena Funster

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    Your quite wrong !
     
  4. nicholsong

    nicholsong Funster

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    Well if you knew that maybe you should have posted more details about the problem.

    Instead of slapping down the first responder.



    You may not get many more offers of help.
     
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  5. PhilandMena

    PhilandMena Funster

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    Suggest you read my post again and not add a different interpretation to that which was posted. I didn't say it was a problem. I did not slap you down, I just corrected the error in your reply which you have wrongly overreacted to. No more details were required in my post as it was a simple straight forward question asked of those who had first hand knowledge to my request for information. Clearly you do not, so am a bit of a loss as why you replied in the first place.
     
  6. Podney

    Podney Funster

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    Oh dear!
    I would suggest you go to a good general insurance broker,if you havent already.
     
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  7. trophychap

    trophychap Funster

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  8. Bailey 15

    Bailey 15 Funster

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    Can I ask a question:oops:
    What’s getting insurance for 60 days got to do with your house in trust?
    We’re going to put ours in trust due to this rediculous unfair self funding business so I’m just interested that’s all
     
  9. jtp890

    jtp890 Funster

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    I,m more interested in the trust as I thought this loophole had been closed.
     
  10. sonny

    sonny Funster

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    What is this house in trust sounds interesting
     
  11. Theonlysue

    Theonlysue Funster Life Member

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    Having read up, it looks like government can go back years, and if they think you've done it to avoid care costs, they can recover the funds from you.
     
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  12. PhilandMena

    PhilandMena Funster

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    My existing insurance provider will no longer provide buildings Insurance cover once we sign the Trust documents. Many insurance providers only provide 60 days cover when the house is unoccupied. Were looking for insurance cover to cover the house after it's put in a trust and to maintain cover for more than 60 days when we overwinter outside of the UK. If your looking to get cover for more than 60 days you can with Aviva.
     
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  13. PhilandMena

    PhilandMena Funster

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    I raised this point with our solicitor, he said putting the house in a 'Deed of Trust' will provide us with the best protection currently available. There are different levels of protection within the trust and we are going to be in the 'Premier league' so to speak. To date, there has not been a breach of this protection made by the local authority within our county/town and we do not have to wait 7 years to obtain full protection, it will be in place once the home is in the trust and Registered. Future legislation may result in this protection becoming meaningless and we are aware the government is looking again at social care and they will introduce new/updated legislation in due course. We may be on a hiding to nothing but are doing what we can to prevent the home from being forcibly sold to pay for megga care home fees should one of us pass on and the other having tom go into a care home at a later date. If I pop my cloggs, Mena becomes the sole survivor in the home and if she has to go into care they can go after a proportion of the tiny savings she will have but will not be able to sell the home.
     
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  14. Bailey 15

    Bailey 15 Funster

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    Brilliant thanks
    Yes as I understand it at the moment they can only go back 7 years for deprecation of assets.
    However I have heard from another source that they are looking at stopping this trust thing but it’s not in place at the moment so hurry !

    Still don’t understand insurance part wether it’s in trust or no
     
  15. PhilandMena

    PhilandMena Funster

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    Sue, I just remembered part of the long conversation we had with our solicitor when discussing this arrangement. He said to us, in setting this up we will be very careful to show and demonstrate that the reason you are putting the house in this trust is not to avoid paying care costs should the remaining partner go into a care home and then we discussed further and agreed several other reasons, (mostly family related, some not) why we were putting the home in a trust. This gave us additional protection and demonstrated the trust was not about trying to avoid the home being forcibly sold to pay for care costs.
     
  16. PhilandMena

    PhilandMena Funster

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    Neither do I but to date it seems to be an issue with a number of insurance companies and when combined with our need for more than 60 days cover have been turned down by a number of big insurance companies. Namely, Aviva. Direct Line and Churchill. I'm sure we will get the cover we need and thought there must be some Funster members who have done this and so asked the question. Looks like I will be making more enquiries come Monday.
     
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  17. Theonlysue

    Theonlysue Funster Life Member

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    @PhilandMena
    The government have a habit of moving the goal posts and taking what they want.
    I was told years ago, you're better off having nothing.
     
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  18. PhilandMena

    PhilandMena Funster

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    I would agree with 'leaving nothing' rather than 'having nothing', although we do have those in our society who have nothing and seem to get by and some of them claiming to have a good quality of life. However, I don't believe that for a second !
     
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  19. Dennisad

    Dennisad Funster

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    Hi PhilandMena

    Did you solve your buildings and contents cover for more than 60 days? We too are trying to get the same cover for 90days, we were with The AA but they say not able to insure us in the future.

    Cheers DennisandTerry
     
  20. PhilandMena

    PhilandMena Funster

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    Yes, we did. Took a bit of doing but we eventually found an insurance broker who was able to find us a company. What was surprising was the ignorance of initial staff contact when trying to obtain cover. The majority of people on the other end of the phone had never heard of a Deed of trust and the remainder did not understand how it worked and almost all had to refer to other staff and I suspect many of them simply did not get it. I discussed with our solicitor and he did say that as our daughters were named as beneficiaries in the trust it might be easier for the insurance companies if they insured the house in their name ?. If your not putting your house in a trust and just looking for 90 days plus, talk to Aviva, they will do it.
     
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