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Block policy for house conversion.

urg123
urg123 Posts: 1,997 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in House buying, renting & selling
Hello,

I don't usually post on this thread but would love some advice.

I hold Share of Freehold on my flat. The flat is in a house conversion with two flats in total in North-West London.

As I took the initiative to get the block policy in the first instance, I have received the renewal papers. I have a quote of £420 which seems really high.

Can I ask -
Does this seem about right?
Does anyone have any suggestions of who I can approach for further, more reasonable, quotes?

Please let me know if you need further information.

Thanks in advance

urg x

Comments

  • silvercar
    silvercar Posts: 49,971 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    What are we talking about? Building insurance?

    If so, a lot of north west London sits on clay making subsidence a possibility, hence the quotes.

    Only advice I can give is to check that you are not overinsuring. Find a true rebuild cost rather than a year on year increase.

    Shop around.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • urg123
    urg123 Posts: 1,997 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks Silvercar

    Just a bump in case anyone else has any ideas.

    urg
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