Can I insure a property purchased through mortgagee sale?
Unfortunately not – properties that are purchased at a mortgagee auction or through mortgagee sale are not able to be covered by initio.
Once a property has been owned and insured for 12 months or more without claims, it can then be covered under the initio policy as standard.
If you are unsure about your property, you can email us to find out whether cover may be available.