Criminal Convictions & Home Insurance

Criminal Convictions and your search for Home Insurance

Rises in home insurance is an ever growing market with the current ecomony. With the value of insurance overweighing the actual costs, it’s clear why the importance of the cover is still heavily relevant and needed. There are those however that suffer most with the rise and are charged more for protecting their homes and contents.

Those with criminal convictions are deemed at higher risk but why do these unrelated actions equate into a higher monthly premium?

There are several factors and algorithms that determine the price of your home insurance with different companies using different key information to value your risk and the amount of premium you are looking to pay out. These factors were reviewed in 2011 in accordance with UNLOCK (The national association of reformed offenders) to have a fair policy for those who are currently spending their convictions and those who are going into rehabilitation. This is to ensure that insurance companies and brokers alike have a fair policy when speaking to those with specific backgrounds are those who some may judge harshly.

Guidelines on insurance companies and their treatment of clients with criminal convictions

These new guidelines, which some companies were already enforcing through to a good and unbiased business structure, were introduced to improve how companies treated those with criminal convictions. These guidelines include that companies should provide clear information about how they use criminal convictions to set out policy prices, they should ask clear questions about previous offences during the application process, insurers should offer cover to applicants with convictions wherever possible, if they cannot offer a policy – the insurer do all they can to help applicants find an alternative provider.

This being said there is nothing to enforce insurance companies to reduce the rates of ‘high risk’ clients’ and those guidelines do not necessary reduce the premiums that you may be given by general insurance companies.

There is still hope

General Insurance companies are those that offer a range of insurance premiums which can include car, life, home, travel etc. which are all standard and have a large competitive market which at the majority of times reduces the premiums to keep in the running with current prices. This is why specialist insurers come into the picture and can offer specialist/detailed insurance plans for those with criminal convictions or a more complicated history. These insurers are the ideal companies to visit when looking for insurance premiums as they are specially trained and accustomed to those with this background, with your enquiry being their targeted audience.

The solution

ConvictedHomeInsurance.co.uk have developed the company for those looking for home insurance with criminal convictions, partnering with specialist insurers to get the best price, best premium of cover for those who need it most in the current economy.

It is free to call us and we have built the company on a non-judgemental basis so remember, we you to have home insurance and we want to be your insurer!

You can also visit www.alternativeinsurancebrokers.co.uk which specialises in a varity of specific insurances including impounded, criminal and seized insurance.