T
timmatrix
Guest
I changed my house insurance company recently, and after checking the rebuilding costs with the Society of Chartered Surveyors I lowered my buildings Insurance cover by 20k to 180k.
Bank of Ireland Mortgages now wants me to increase cover back to 200k (because this was the rebuilding cost a few years back when I re-mortgaged with them) even though they are only owned 70k. I am not or have never been in arrears with my mortgage.
I was going to write to BOI stating:
1: The rebuilding costs with the Society of Chartered Surveyors is now 180k because of lower building costs.
2: The reason I'm shopping around is because of the extra tax and levies I'm paying because of the bank bail-out.
3: And if the Bank wants me to increase my buildings insurance please send me the 50 euro extra it's going to cost.
What do you reckon?
Bank of Ireland Mortgages now wants me to increase cover back to 200k (because this was the rebuilding cost a few years back when I re-mortgaged with them) even though they are only owned 70k. I am not or have never been in arrears with my mortgage.
I was going to write to BOI stating:
1: The rebuilding costs with the Society of Chartered Surveyors is now 180k because of lower building costs.
2: The reason I'm shopping around is because of the extra tax and levies I'm paying because of the bank bail-out.
3: And if the Bank wants me to increase my buildings insurance please send me the 50 euro extra it's going to cost.
What do you reckon?