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Home Buyers Insurance

Insurance for the property you’re buying between exchange and completion

  • Buildings insurance for your new home or rental property between exchange and completion
  • Stay on the same policy once you’ve moved in by adding your contents later
  • Flexible cover that adapts to you – whether you’re having work done, planning to rent, or running a business from your new pad

Discuss your requirements and buy over the phone

0344 892 1750
0344 892 1750

Mon - Fri 9am - 7pm, Sat 9am - 1pm

Features of our Home Buyers insurance

Buildings insurance for people buying property

If you’re buying a house or rental property, you’re responsible for your new bricks and mortar from the moment you exchange contracts. If it burns to the ground you’re still obliged to buy it – and that’s where homebuyers insurance comes in. Not all insurers are happy to provide buildings insurance while there’s technically someone else living in the property you ‘own’ - and that’s where we come in.

Home buyers insurance you can extend after you move in

With our home buyers insurance you can stay on the same policy after you move in. When the removal company brings your stuff through the door we can just add the contents to your policy and you can just carry on unpacking.

Flexible home buyers cover for different circumstances

Our specialist insurance policies mean we can be flexible and adapt to your needs. So if your new property is going to be unoccupied for a while, if you’re having work done before you move in, if you’re going to rent it out or run a home business from your property, we’re here to help. We can even cover you if you’re buying a new build that doesn’t have a recognised postcode yet. Just give us a call for a chat.

Home buyers insurance with cover for your property's buyers

A Towergate policy will also stretch to cover the people buying your home if you’re in a chain. That means that if you’ve exchanged contracts with them, and they don’t have insurance in place, your buyers are covered if something happens to your current home, too. So everyone gets as much peace of mind as possible, and things can keep moving.

Home Buyers Insurance Claims

If and when it comes to the crunch and you need to make a claim, the details will be sent to the insurer to get your claim resolved as quickly as possible.

If there are any complications with your claim, this will be followed up with the insurer and you will be kept updated.

Need to make a claim?

Call or email us with:

  • Your policy number
  • A contact number
  • Details of your claim
  • Relevant photos

Call the team on: 0345 074 4760

Email the team at:

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Home Buyers Insurance FAQs

What is home buyers insurance?

  • Home buyers insurance is insurance for anyone buying a property. Once you’ve exchanged contracts with the seller, you’re contracted to buy the property. So even if a major leak makes it uninhabitable, you’re still legally obliged to go through with the purchase. That means that having insurance for the building is probably a good idea.

  • Can’t I get this as an extension to my ordinary home insurance?

  • Some insurance companies don’t like to insure a property when someone other than you is living in it – which is technically what’s going on after you’ve exchanged contracts with the seller of your new property. It is worth checking as you’re likely to need a specialist policy.

  • Do I have to change back to an ordinary home insurance policy once I move in?

  • No – we can add your contents in once you move, so you can carry on under the same policy. We’re super flexible, so for instance, if the property is going to be unoccupied for a while, if you’re going to rent it out, if you’re going to have refurbishment work done, our policy will adapt to your needs. Just keep us informed.

  • Can you insure me if my postcode isn’t recognised yet?

  • Yes. Some new build estates have brand new postcodes – and some insurance companies can’t insure you if the new postcode isn’t recognised by their systems. Just give us a call, and we’ll see what can do for you.

  • What happens if my buyers don’t have insurance?

  • If something happens to your property after you’ve exchanged with buyers, and they don’t have their own insurance in place, our policy means they're covered too. So if it burns to the ground, we’ll rebuild for your buyers’ benefit, under your policy. It means everyone has a safety net, and your move can keep on moving even in the very worst of worst case scenarios.

  • How much does home buyers insurance cost?

  • Policies will vary depending on things like location, the rebuild cost of your property, and the value of your contents - go online for a quote or give us a call to chat through the details.

  • I’m going to rent the property out after the sale is completed. Will you still cover me with home buyers insurance?

  • Yes, we’ll be able to adapt the policy for lettings, subject to our usual checks.

  • Do I need to let you know when I’ve moved in?

  • Yes. Talk to us about adding on your contents, any changes to the property use (e.g. if you decide to rent it out) and any other add-ons you need for your particular property.

  • Where can I find more information about monthly Direct Debit?

  • If you want to know more about our monthly payment option, please read our dedicated page on Direct Debit.

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