Hi Debtnomore,

Insolvency includes both protected trust deeds and sequestration/bankruptcy.

However, trust deeds and bankruptcy are two different things.

So... if you haven't been bankrupt you can answer "no" to a question about whether you've ever been bankrupt.

There's perhaps an extra level to this though, that some lenders might have policy exclusions that aren't immediately apparent - and especially so when using comparison websites. .

Given you've been discharged, I doubt there will be any issue for you at all. If it were me though, I'd still contact the insurer before committing to the policy just to be 100% sure. There's no point in paying for insurance that will not provide coverage if you need it.

Hi Debtnomore,

Over the years I can't recall any of my clients feeding back to me that they have struggled to secure home/car insurance at a reasonable rate.

If you are paying by instalments per month then this is normally by way of a credit agreement so this could by why it's pushing up the premium.

If you are using a comparison website it might be an idea to speak specifically with an insurance company direct or an insurance broker. If you are up front and honest about your situation a broker might be able to source you insurance at a more reasonable rate.

Thank you for your advice. I will definitely be upfront and speak to potential provider because as you rightly say, no point in paying for insurance, if I won't be covered due to inaccuracies. Thanks again.