sheldonrobbo Posted December 12, 2006 Share Posted December 12, 2006 somewhere during the course of our house purchase it would appear that a second insurance company has muscled in on the act and the house is now insured twice. we took out cover with credit agricole who provided the mortgage, but have recently had correspondence from another company claiming that we owe the premium for the insurance they are providing. They have sent us a copy of a signed contract which is a little strange in that it was suposedly signed in france on a date that we were not even in the country. In uk it would be a simple matter of not paying for the second policy and the company would then cancell it , however this company say we have to pay and they can't cancel until the renewal date ....anyone know the legal ins and outs of this situation??? Link to comment Share on other sites More sharing options...
cooperlola Posted December 12, 2006 Share Posted December 12, 2006 There's a bit about policy cancellation herehttp://www.completefrance.com/cs/forums/749644/ShowPost.aspxDoes it look like your signature on the document, do you think it has been forged or something? Surely if you didn't sign anything you are not bound by it? Link to comment Share on other sites More sharing options...
Bob T Posted December 12, 2006 Share Posted December 12, 2006 Remember that Credit Agrocole is a bank and they own Pacifica. Is Pacifica the other company you are talking about? If that is the case then you are only insured with them through Credit Agricole. Link to comment Share on other sites More sharing options...
Cassis Posted December 12, 2006 Share Posted December 12, 2006 Be sure you really are paying twice - as said above, a lot of banks are merely agents for insurance companies when you insure your house etc. with them. It can be confusing if the bank does not make this clear. Link to comment Share on other sites More sharing options...
sheldonrobbo Posted December 12, 2006 Author Share Posted December 12, 2006 thanks bobbut we realise that CA own pacifica ...the problem is with another company Link to comment Share on other sites More sharing options...
Benjamin Posted December 12, 2006 Share Posted December 12, 2006 You say that they have sent you copy of a signed contract.As someone else has already asked, is it your signature or is there a hidden adgenda here? Link to comment Share on other sites More sharing options...
Clair Posted December 12, 2006 Share Posted December 12, 2006 It is muy understanding that when you purchase a property, you commit to continue with the existing building insurance unless you specifically cancel the contract at renewal date.Could this be what has happened here? Link to comment Share on other sites More sharing options...
AnOther Posted December 12, 2006 Share Posted December 12, 2006 Very topical for us as we're due to complete a purchase in January so starting to seriously look into all this type of stuff right now.I know the insurance can be taken over but do I understand that it automatically continues unless, or until, specifically cancelled ?If so then it implies that the various companies don't operate no claims discounts ? Link to comment Share on other sites More sharing options...
Sunday Driver Posted December 12, 2006 Share Posted December 12, 2006 When you buy a property, the existing insurance is under a contract with the previous owner. Unless you agree to assume responsibility for the existing insurance policy, then it's nothing to do with you. You don't have to cancel a policy that isn't yours. Link to comment Share on other sites More sharing options...
Clair Posted December 12, 2006 Share Posted December 12, 2006 [quote user="Sunday Driver"]When you buy a property, the existing insurance is under a contract with the previous owner. Unless you agree to assume responsibility for the existing insurance policy, then it's nothing to do with you. You don't have to cancel a policy that isn't yours. [/quote]Yes you are right SD and I did not put that right.What I meant to say was could it be that the OP has arranged his own insurance at the time of purchase whilst the seller's policy was still ongoing? Hence a renewal notice from the seller's insurance...?When I bought in 2003, the seller's insurance tried to force their cover on me because I had not refused their renewal. I pointed out that they had sent the renewal to my UK address and it had taken over 8 weeks for the letter to reach the French address they were in fact insuring... Link to comment Share on other sites More sharing options...
AnOther Posted December 12, 2006 Share Posted December 12, 2006 [quote user="Sunday Driver"] When you buy a property, the existing insurance is under a contract with the previous owner. Unless you agree to assume responsibility for the existing insurance policy, then it's nothing to do with you. You don't have to cancel a policy that isn't yours.[/quote]Thanks SD, that does make more sense.I don't know the expiry date of the currently existing insurance but if it's fully paid up and still got several months to run it may be to my advantage to take it over.One less item on the already lengthy list of things to be attending to from the get go! Link to comment Share on other sites More sharing options...
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