Can I insure a property I don’t own?

Yes, you can insure a property you don’t own, but specific conditions must be met. The insurance policy is generally intended for the person or people listed as the policyholder(s).

However, insurance coverage can be extended to individuals who have a significant legal interest in the property, such as in cases where contracts have been exchanged for a sale, or when you’re a tenant with a financial interest in the property.

If you wish to insure a property you don’t own, it is crucial to inform us and ensure your policy accurately reflects your situation. Misrepresentation of ownership or interest in the property could result in issues with claims or the overall validity of the policy.