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Old June 20th 09, 09:48 AM posted to uk.finance
PeterSaxton
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Posts: 526
Default Home buyer's insurance?

On 20 June, 10:22, Gareth wrote:
PeterSaxton wrote:
On 20 June, 09:44, Gareth wrote:
Is it possible to take out an insurance policy which will refund costs
(e.g. survey and conveyancing costs) in the event of a house purchase
falling though?


I have seen this discussed in a few forums but none of the links to seem
to exist anymore.


Thanks for any help.


Gareth


I wouldn't have thought it would be easy to get for two main reasons:


So far, it doesn't seem to be easy to get.

1. the insured would be able to ensure he gets a payout


Isn't that true of almost any insurance? *E.g. I could insure my
house/car then set fire to it? *Anyway I wouldn't be able to profit from
the payout since it would only cover costs.

You wouldn't receive a payout if you set fire to your own house.
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