Building

Insurance

Claims

What does Building Insurance Claims?

 

This type of insurance covers loss or damage that occurs as a result of fire, explosion, bad weather, storms, flooding, earthquakes theft or attempted theft vandalism and subsidence and impact by vehicles or aircraft. It is possible to extend a buildings insurance policy to include other parts of your property, although this can cost more.

The cost of building insurance policy can start from e.g. £5 per month and it can increase depending on your property. There are different factors that could affect the cost of your policy. For example, consider the following points:

  • The structure and infrastructure of your property.

  • The age of your property.

  • The location of your property (postcode).

  • Your and partner’s age.

  • The number of bedrooms within the property.

  • The risk of flooding.

 

What could you get back?

If you would like to make a building insurance claim or you have previously attempted, but was rejected by your insurance provider then contact us to find out how we can help you. The amount of compensation you could get depends on following factors:

  • The amount of premiums you paid towards your building insurance.

  • If you have been charged any interest on the cost of your policy.

  • Some insurance providers would also pay an additional 8% interest.

Tips

  • You should try to tell accurate value of your goods.

  • Do not just choose the cheapest company for your insurance.

  • You should not try to fix/repair something first.

  • Report any changes immediately.

  • If theft is involved, you should call police and obtain the Crime Reference Number (CRN).

Can I make a claim directly to my provider insurance?

Yes. You can always make a complaint directly to your insurance provider without using a claims management company.
Here are some facts:

  • No Win No Fee – you may incur a cancellation fee if you decide to cancel after 14 days of signing the agreement

  • No Upfront charges.

  • Easy to start your complaint.

  • Free consultation on building insurance claims.

  • You will be kept updated automatically via SMS throughout every stage of your claim.

Accurate at 23/09/2017*

Do I have Building Insurance?

  • If you’re getting a mortgage, your lender will insist you’re covered to protect their investment.

  • The policy will probably need to run from the date you exchange the contracts right up to the end of the mortgage.

  • You’re not tied to a specific insurer for that length of time though, so feel free to shop around for better deals.

  • You might be offered buildings insurance by your mortgage lender, but you’re not obliged to take it, unless it’s part of a deal you signed.

Got Further

Questions?

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CONTACT

 IronStone Legal

303 Regent Studios,

1 Thane Villas,

London N7 7PH

 

+44 (0)207 619 3967

 

© All Rights Reserved. IronStone Legal - 2020
 

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IronStone Legal is a trading name of Demirtas Finance Ltd, Registered in England and Wales number 07975646.
Authorised and regulated by the Financial Conduct Authority as a claims management company number 838139. 
Regulated by the Information Commissioners Office in Respect of the Data Protection Act 2018 number: Z3119423

*Fees may apply for cancellations outside of the 14 day cooling off period, calculated on an amount of work completed basis as stated in our TCs. No cancellation fees payable by you if you cancel within the 14 day cooling off period. We charge 35%+VAT (42% including any VAT) for mis-sold financial products and services.

± Before any deduction for 182 claims resolved 6 months prior to 14/02/2018 across multiple different services. 

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