Financial problems FAQs

Answers to your questions about buying home insurance when you have a poor financial history
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Is bankruptcy classed as a criminal conviction for the insurance policy?

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

How long is a CCJ on my financial record?

How long does an IVA stay on my credit record?

How long does a bad credit score last?


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.


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