Anybody know a good home insurance company?

Forums Dealing with Greece Practicalities Anybody know a good home insurance company?

This topic contains 18 replies, has 8 voices, and was last updated by  kolofarthos 1 year, 8 months ago.

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  • #221055

    jodevizes
    Participant
    Oracle

    I’ve seen nobody knows a health insurance company so I am hoping that I get better luck with home insurance.

  • #221069

    kiwi
    Participant
    Aristotelic

    Suggestion. Use a UK company and buy 1 years holiday insurance…after all you don’t know yet if it’s a holiday or moving there for good yet…you are just trying it all out just now to see if you want to stay or not…wink.

  • #221071

    Ian
    Participant
    Homeric

    For health insurance I’m with ING.
    They’ve treated me very well the one time I needed them. :good:

    I think the home insurance I have is with International Life (they cover damage by forrest fire as well), I don’t know if they’re any good because, luckily, I’ve never had to make a claim. :unsure:

  • #221255

    SandT
    Participant
    Hoplite

    Is there a reason previous posts suggesting our very helpful Greek Property Insurers (Insurance for Holiday Homes, based in Weston Super Mar, UK) are not appeariung here.  I did give their website address, so will leave it off to see if that was why, but there are links in other replies elsewhere.
    Much easier having English language insurance, underwritten by Lloyds in case of claims.  Also if you split your time between UK & Greece then house & contents insurance plus EHIC & Travel insurance covers all.

     

  • #221256

    kiwi
    Participant
    Aristotelic

    Try posting the address again sandt. The site is undergoing changes and your original post could have been lost. There is no problem posting a name etc.  Good suggestions.

    Site has gone very quiet…

  • #221257

    kolofarthos
    Participant
    Homeric

    I would just flag up a warning regarding use of holiday types of insurance for residents or those who may have holiday homes and stay for over 30 or 60 days away from their base country e.g. in Greece from say UK home country. Many such “holiday” insurances specifically rule out residency or longer periods “on holiday” so, in the event of a claim, would deem the insurance invalid just when you need it! :negative:

  • #221267

    the reiver
    Participant
    Oracle

    Totally agree Kolo, I can only get something like 35 days coverfor holidays now that I am getting on a bit. :roll:

     

    😎

    • #221270

      SandT
      Participant
      Hoplite

      Our ‘free European Travel Insurance’ with Nationwide banking only includes cover for up to 35 days maximum trip, but we pay about £50 per annum to extend that to 60 days max per trip.  That suits us as we like to come to our Greek home May/June , Sept/Oct and sometimes about a month at Christmas/New Year.

  • #221268

    The Grocer
    Participant
    Oracle

    I use Intasure (in UK) they insure my Greek holiday home and I have used them to insure my main UK home.  Will cover earthquake etc etc., and do not have clauses for time stays or inspections etc.
    Always found them competitive and I have made one claim for freezer breakdown that was settled efficiently….

  • #221269

    SandT
    Participant
    Hoplite

    This is the website for free quotes from the company we use for our Greek home insurance.  http://www.insuranceforhomesabroad.co.uk/

  • #221271

    jodevizes
    Participant
    Oracle

    Thank you for your advice but I am moving permanently to Greece so it won’t be a holiday home. I suppose I could get away with it for the first year but after that, I am not sure.

  • #221273

    kolofarthos
    Participant
    Homeric

    Understood Jo, but my post was prompted by Kiwi’s “workaround” with a wink…..it would probably be worthless.

    Let’s ignore the ethics of getting such a policy based upon lies and fraudulent statements.  In the event of a claim proof of holiday dates would maybe be required and then the claim rejected if proof was not forthcoming so a wasted purchase on the cards. Maybe no issue if no need to claim (unless found out) but then no need of the policy!

    OK Mrs Kiwi, I know you were only kidding and would do nothing underhand…. :-)

  • #222593

    jodevizes
    Participant
    Oracle

    Yes these insurance companies will do anything to wriggle out of paying.

  • #222596

    Shazzie
    Participant
    Oracle

    Is there a reason previous posts suggesting our very helpful Greek Property Insurers (Insurance for Holiday Homes, based in Weston Super Mar, UK) are not appeariung here.

    We stopped using these insurers as they withdrew earthquake insurance from this year. We now use Intasure. Haven’t made a claim so we don’t know if they’re good or not !

    Whoever you choose Jo. I suggest you make sure they include earthquake cover.

  • #222598

    kiwi
    Participant
    Aristotelic

    It’s not cheating.  Kolly when I worked I used to buy yearly business insurance because I stayed for longer periods in countries.  Residency only applies once you stay six months and one day in a country and register as a resident, otherwise you are on holiday or business. If you go to a country and stay even one year and are not registered as a tax resident, you are on holiday.

    One could be going to a country to examine the possibilities of starting a business for example and decide it is not viable, or checking on house buying…and then after six months or a year decide to become a resident at which point you would require proper insurance.  It’s just buying time until one is settled and certain.

    The 35 day limits are usually for credit card insurance.

    I used to work through a broker who would bypass the mainstream insurance and work out policies tailored to suit. A broker will give more options and is worth it.

    • #222603

      SandT
      Participant
      Hoplite

      Shazzie – We chose from the start not to have expensive earthquake cover with Insurance for Homes Abroad, so didn’t realize it had been withdrawn …. or is that just in areas most likely to have an earthquake?  Lesvos is not considered on a major faultline so we thought not worth the extra cost & we’ll just have to live with it if it happens!
      I believe they have insurance for residents & non-residents – but of course you have to make sure you get appropriate insurance for your circumstances, or in the event of a claim will find you are not covered.
      My husband originally bought a different house on Lesvos 1989 and at that time the only insurance was Greek insurance, but only for residents (which we were not, so would not have been covered while we were living in England & obn ly having short holiday trips in those days), or UK insurance only with UK style 5-bar door locks & window locks not appropriate to our old village house (the original key was just a big square!). Probably 95% of local residents did not have insurance inthose days & Terry was the first English ex-pat to buy in that village.  In 2002 that house burnt down, uninsured! – probably from a problem with electrics.  We rebuilt at our own cost, but locals charged us reasonable rates and were very helpful.
      Once rebuilt Insurance for Homes Abroad and other companies had entered the market with more reasonable terms appropriate to our house. Always be straight with your insurers – as you say Jo, they will wriggle out of anything they can.

  • #222601

    kolofarthos
    Participant
    Homeric

    Well I was responding to Jo’s query on moving permanently , not going on holiday, and the thoughts posted that insurance designed to cover holiday situations might be adequate. OK a certain laid back Greek style might be assumed here……after all few Greeks actually bother with property insurance I am led to believe. :scratch:

    Of the policies I have seen (and that is far from being comprehensive) and my understanding: :mail:   :yes:

    Personal insurance is often for short limited periods either as single trips or multitrip of again short periods. Specific policies can be extended (at a cost) or you can get longer cover such as for backpacking or a year out types of trips or some single trip policies for up to 182 days. I was not considering credit card insurance – not the only type with duration limits. All the travel insurances I have had for a number of years all stipulate a variety of maximum periods ‘out of country’ on holiday.

    Property (building and contents) insurance generally is tailored for either a holiday home or for a place of residence or business premises- and yes there may well be some grey areas – but insurers really have tightened up on terms and conditions to stop people buying a cheap policy designed for one purpose and using it for another. In fact that is fraud, not a moral judgement but a legal one. It is not the case that you must be either on holiday or a business trip such as in Jo’s case, emigration.

    Any one may wish to circumvent the clear terms and conditions ( and yes the companies will even use these to try and wriggle out of just claims sometimes) not just the small print either, but that is now very risky. Most of the UK companies, for example, share information quite legally and they usually check up for anomalies if a claim is made.

    Perhaps you have had specialised policies for business use but if so then that is just another reason to choose wisely, is it not?

    One of the key legal areas would be of intent. Saying you are having a single trip not exceeding 182 days when you have clearly emigrated, possibly had other insurance to cover your possessions or your ‘new’ property most likely will be found out, if not sooner, just when you need the benefit when you make a claim. You pays your money and takes the gamble…… B-)

    I would love to be proven wrong and to know I can buy a cheap single trip policy for 7 days that will cover me for 6 months without risks that claims will be rejected. :yahoo:

     

  • #222602

    kiwi
    Participant
    Aristotelic

    :scratch: St Kolofarthos, Patron Saint of Pedantics.

  • #222604

    kolofarthos
    Participant
    Homeric

    Well, as has been written by others, companies will wriggle all they can and be pedantic about points of law…….old saying “better safe than sorry”….. but hardly saintly, Kiwi :negative:   just know the facts and make your choice! 😉

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