Can an insurer find out that I have a CCJ, even if I don’t tell them?
Yes, CCJ information is readily available via public records. In the event of a claim, especially a large claim or a series of smaller claims; an insurer will look very carefully at financial histories before paying out the claim. If the fact that there is a CCJ in the household is discovered and you didn’t disclose it when you purchased the policy, the claim won’t be paid out and it’s likely that your policy will be cancelled at the same time.
How long is a CCJ on my financial record?
Unless you repay the full amount of the CCJ within one month of the CCJ being served against you, it will remain on your credit file for six years. However when you take out a home insurance quote with HomeProtect we need to know about any CCJs within the last 25 years.
How is my insurance premium calculated?
Premiums for insurance policies are based on the risk presented and assessing the probability of that risk materialising.
Underwriters use all available tools and data to assist with this complex assessment to arrive at a premium.
The tools used for this risk assessment include government and industry statistics, claims and underwriting experience.
The process of ‘accumulation’ is also utilised by underwriters in the risk assessment. This means that one insurance provider will limit the number of properties it will insure within the same area.
Very quick to arrange when my previous insurer told me they did not insure houses where I had moved to!!! Easy to follow application and helped me out of a spot. Trustpilot, 29 August 2017
Superb service that informed me throughout the process of application. I had thought getting contents insurance would be difficult for me but HomeProtect came to the rescue. Trustpilot, 14 July 2017
Website was clear, which meant my contents insurance was sorted very quickly and easily - thank you! Review Centre, 12 January 2017