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Building Insurance Problem
rob_kzk
Posts: 89 Forumite
Hi All,
I am currently selling my flat which seemed to be progressing smoothly until I got the enquiries from the buyers solicitor who have asked for a copy of the Buildings Insurance.
The flat I am selling is part of a terraced house that has been converted into two flats, with mine on the ground floor and the person owing the 1st floor flat also owning the freehold for the property. According to the lease for my flat the person who owns the 1st floor flat (or the landlord) should arrange the buildings insurance for the whole building and ask me to pay half of the amount. However, in the last couple of years I have not been asked for any money for insurance. The landlord is also not the easiest person to get on with as we had a couple of disagreements when he first purchased the property.
I have tried calling him on the phone number I had for him for the last couple of days and the phone is switched off. I have checked that this is the correct number with the current tenants upstairs.
I have also spoken to my solicitors and explained the situation and they said that they will write to him as he should have a copy of the buildings insurance.
I don't hold too much faith in this and I was wondering if it would be appropriate for me to sort out some buildings insurance so as not too hold the process up? Also, if I was to get my own insurance would it be normal buildings insurance that I need or landlords insurance?
Thank you very much for your help.
Rob
I am currently selling my flat which seemed to be progressing smoothly until I got the enquiries from the buyers solicitor who have asked for a copy of the Buildings Insurance.
The flat I am selling is part of a terraced house that has been converted into two flats, with mine on the ground floor and the person owing the 1st floor flat also owning the freehold for the property. According to the lease for my flat the person who owns the 1st floor flat (or the landlord) should arrange the buildings insurance for the whole building and ask me to pay half of the amount. However, in the last couple of years I have not been asked for any money for insurance. The landlord is also not the easiest person to get on with as we had a couple of disagreements when he first purchased the property.
I have tried calling him on the phone number I had for him for the last couple of days and the phone is switched off. I have checked that this is the correct number with the current tenants upstairs.
I have also spoken to my solicitors and explained the situation and they said that they will write to him as he should have a copy of the buildings insurance.
I don't hold too much faith in this and I was wondering if it would be appropriate for me to sort out some buildings insurance so as not too hold the process up? Also, if I was to get my own insurance would it be normal buildings insurance that I need or landlords insurance?
Thank you very much for your help.
Rob
0
Comments
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As I understand it, you can't take out insurance on a building you don't own the freehold for, as you have no insurable interest (insurable interest = loss or damage to the thing would result in financial loss to yourself). Insurable interest is a prerequisite for insurance.
All you (well, your solicitor should do it) can do is get a copy of the buildings insurance certificate from the freeholder to send to the new owners.
If the landlord doesn't have buildings cover, I don't know but surely he'd be breaching landlord regulations??0
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