You will be responsible for insuring your new auction purchase upon exchange of contracts.

We are happy to recommend Falcon Insurance who can advise you on the necessary cover and provide a free no obligation quotation. Alternatively, you are welcome to use your own insurance company if you already have one in mind.

Click here to visit Falcon Insurance for more information

Why is it important to insure my auction purchase?

On the fall of the auctioneer’s gavel, you have unconditionally exchanged contracts and have legally committed to complete your purchase.

It is therefore essential that you immediately arrange buildings insurance cover, as a safeguard, in case of any damage.

As you are responsible for the property, you should not take any unnecessary risks because if anything does go wrong and it isn’t covered in the insurance, it will be your responsibility to fix it. Which could inevitably cost you hundreds, or even thousands of pounds.

 

Who are Falcon Insurance?

Falcon Insurance are a young entrepreneurial insurance Broker. They have a dedicated team of contents insurance, buildings insurance and home insurance experts who are vastly experienced in providing customers with outstanding protection against fire, flood, theft and the worst of weathers.

They will provide competitive insurance quotes and will find the right cover to meet your insurance needs.

 

What’s next?

If you are looking to purchase a property at auction, why not speak to Falcon Insurance to discuss your requirements and to get a quotation in advance. That way they can put the property on cover on the day of the auction without any delay.

 

If you are looking for more information on property auctions or further advice on buying at auction, please contact Bond Wolfe Auctions on 0121 312 1212 or click here to see how we can help.