Jump to content

Buildings insurance query - share of freehold


Sazzle30

Recommended Posts

We are the top flat in a maisonette and as a result we share the free hold with the flat downstairs. At the moment we use a broker to insure both properties under one policy as effectively for buildings insurance it?s one property ie we share the roof.


The broker we use are really expensive and we inherited them when we bought the property ( the previous owners had landlords insurance).


Therefore I was wondering how/where others in this situation get their insurance. I suppose we could have separate policies but that would make the property duel insured and that would mean that we could only claim on one policy meaning one of the flats would take a hit on their premium.


If anyone has any advice that would be great.


Thanks

  • 3 weeks later...

A freehold building needs one insurance policy. You can be joint holders of the policy. Just go on a price comparison website for buildings insurance and choose the cheapest policy? Or call an insurance broker that offers buildings insurance?


You should have three policies - you have a contents policy, the other freeholder has a contents policy, and you both share a freehold buildings insurance policy.

Thanks looked into it you need landlords building policy as both freeholders are effectively landlords of the flats we live in. Used a broker called Towergate as recommended by another forumite. Standard buildings don?t cover the property as it?s not owned by the sole freeholder as in a normal house.

Archived

This topic is now archived and is closed to further replies.

  • Latest Discussions

    • Regarding the Ring doorbell have a look at the information on the Information Commissioner's website: https://ico.org.uk/for-the-public/home-cctv-systems/ There has also been at least one legal case regarding Ring doorbell and cctv cameras, Fairhurst v Woodard, link to a law firm article on the case: https://www.nelsonslaw.co.uk/ring-data-protection/ Regarding noise and shed issues, can you speak to someone in the Southwark Leaseholders' Team?
    • In answer to your question Pugwash, the variety of foods that they offer both in canned goods and fresh. i personally no longer am a Sainsbury customer after years - feel that the quality of both their fruit, veg and fresh products ie meat, chicken, fish is not of a quality that they use to be. Agree with Sue that Co- Op does not make for a pleasant shopping experience.  On the subject of Waitrose not coming to ED - one can only assume that market research has been done by the company which makes it a non starter which, when you think about it is strange as all the big contenders are here.. Perhaps the powers to be have never heard of ED!! Maybe a Lidl or Aldi will rear their heads but somehow can’t see it as space is way to small. Really is strange that Waitrose is a non arrival - never ceases to amaze me how many eateries are in Lordship Lane alone and the majority all survive.  
    • What is it that makes Waitrose so special! Admittedly I have shopped a couple of times in the Orpington and Beckenham one - sometimes buying food which I cannot get else where. Their 'basic range' is not bad. Price for price and quality - M & S.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...