How will a criminal conviction affect my home insurance costs?
Some convictions will have more of an impact than others on your criminal convicted home insurance. For example, you are more likely to be a risk to insurers if you have previously been convicted for insurance fraud or theft.
However, having a criminal conviction will often push up the price of your criminal convicted home insurance premiums too. Most insurers will ask about any “unspent” criminal convictions you have had in the last five years. So, any convictions are likely to have an impact on your criminal convicted home insurance costs for this period.
Do I always have to declare criminal convictions to my insurer?
Most types of conviction will be considered “spent” after some time has passed. The rehabilitation of offenders act lays down clear guidelines. It states when convictions are considered “spent”. But, if you are in doubt please speak to us and we can check with the insurer for you. We are here to help you with any queries you may have.
You will be asked to declare any unspent convictions on your criminal convicted home insurance applications for five years. After this time, or if your convictions are already spent, you will not have to tell your insurer. You are not under any obligation to declare your convictions if an insurer does not ask during the application process or in the terms and conditions of the policy.
Full disclosure is the best way forward and not withholding any convictions when asked. In the event of a claim your insurance could be deemed invalid if you fail to do so. This means you could face a big bill and will also make it even harder to get insurance cover in the future if you have had a policy voided.
How to save money on home insurance if you have criminal convictions.
You may find that insurers will hike your insurance premium in light of your conviction, or even refuse to insure you altogether. However, there are some specialist providers that keep insurance more affordable for home owners with convictions. The best way to get an affordable quote is to let Alternative search the market for you. We still speak to underwriters and explain each case and the circumstances behind the conviction.