PeterSaxton wrote:
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.

Not if they found out that I did it deliberately, but I imagine that
home buyer's insurance would include a similar condition whereby the
policy wouldn't pay out if I did something to prevent the sale going ahead.


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