NHBC - do I need buildings insurance?

poolio

Hi,

My apartment is covered by a 10yr NHBC warranty (3 years into it). I am unclear as to whether I need buildings insurance on top of this - I know I need contents, and the two usually come as a package, but I don't want to buy buildings insurance if it isn't going to add anything beyond the NHBC.

Any info gratefully received!

Thanks
Poolio

bryanb

It could burn or flood, you need insurance! Any lease probably requires it unless the freeholder does it

Fire_Fox

Assuming it's a leasehold flat your buildings insurance will be organised by the freeholder/ management company as a unit for the entire block. You will then be charged as part of the service charge, or alongside the service charge and will be sent a copy of the policy certificate. Check through all your conveyancing paperwork and service charge summary of accounts.

lincroft1710

You must have paid cash as mortgage providers are very insistent on buildings insurance.