I understand that house insurance is not a legal obligation - is this correct?
What about from the perspective of having a mortgage - do Banks oblige you to have house insurance?
I know that when drawing down you must have it but do you need to renew, do Banks monitor this and is there consequences for not renewing house insurance (from a bank/mortgage perspective)?
Thanks.
What about from the perspective of having a mortgage - do Banks oblige you to have house insurance?
I know that when drawing down you must have it but do you need to renew, do Banks monitor this and is there consequences for not renewing house insurance (from a bank/mortgage perspective)?
Thanks.