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  • Insurance with CCJs, IVAs and bankruptcy.
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Financial problems insurance

Buying home insurance when you have a poor financial history

If you have a poor credit history, have been or are currently declared bankrupt, or have a County Court Judgement (CCJ) or Individual Voluntary Arrangement (IVA) to deal with your debts, you may have difficulty in buying home insurance.

Unlike many insurance companies, we can usually provide you with an online home insurance quote in these situations, quickly and easily. You don’t even need to talk to us unless you really want to!

How to deal with bailiffs or debt collectors

Your rights when dealing with bailiffs or debt collectors

Learn about how they differ, who can enter your home to seize your possessions, and what your can do if you feel threatened or harassed excessively.

Read the article

Save money and avoid a credit check by paying annually

When you buy your policy, we offer two payment options allowing you to choose whether you pay a single amount up front or monthly instalments. The monthly payment option has a transaction fee and it requires you to have a credit score check undertaken by the credit provider. So, if you’ve already had financial issues to contend with, the easiest and least stressful payment method is to pay your annual premium in one go with a payment card.

Disclosure is important

It might be tempting not to tell your insurer about bankruptcy, a CCJ or an IVA in the past, but be aware that if you omit to disclose any of these and you need to make a claim at some point, the insurer will find out about your financial history because it’s available in public records and will most likely refuse the claim and cancel your policy immediately. Being honest about your situation is the only way to be sure you have the protection you need.

What our customers say

Your questions answered

Is bankruptcy classed as a criminal conviction for the insurance policy?

Bankruptcy is not classed as a criminal conviction, however there is a question when you buy the policy which asks if any of the intended policy holders, or anybody living at the property, has been bankrupt or had any CCJs or IVAs imposed on them in the last 25 years.

Can an insurer find out that I have a CCJ or IVA even if I don’t tell them?

Yes. CCJ and IVA 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 or IVA in the household is discovered and you didn’t disclose it when you purchased the policy, the claim may not 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 long does an IVA stay on my credit record?

Your IVA will show on your record in the Individual Insolvency Register until three months after it ends, but will stay on your credit record for six years.

How long does a bad credit score last?

The length of time that information stays on your credit report depends on what type of information it is, but most information is removed after six years.

I declared bankruptcy 20 years ago, but still have to declare it, home protect are one of the few that will cover you at standard rates 

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