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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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We have had a fire at our home our insurers are sorting it

Resolved Question:

We have had a fire at our home our insurers are sorting it out we have a equity release on the bungalow do we need to inform our insurers we have eployed a loss adjuster the equity release figure is twenty thousand pounds and do we have to inform the equity release insurers
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.

Hello my name is ***** ***** I will help you with this.

Is there anything in your policy conditions which says you must inform them please?

Customer: replied 1 year ago.
It does not mention anything about fire damage just that we have to inform them if we are out of the house for six months
Customer: replied 1 year ago.
It just says the house has to be kept I a good condition
Customer: replied 1 year ago.
No more info
Expert:  Ash replied 1 year ago.

Ok - then in that case no, you dont have to inform your insurers.

If they wanted you to inform them it would be a condition of your insurance or policy condition.

It is not and therefore they do not need to be informed.

Can I clarify anything for you about this today please?

Customer: replied 1 year ago.
Do we have to inform the equity release insurance company
Expert:  Ash replied 1 year ago.

No, again not unless its a condition of the equity release.

Does that clarify?

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