Insurance for Freeholders of converted house

KiKi

Hi there

I live in a converted Victorian terrace with three flats. One entirely self-contained, and the other two sharing a communal hallway. All three are owner-occupied, and we each have an equal share of the freehold.

Regarding buildings insurance, I have always been of the understanding that we have to have insurance with a company like Alan Boswell (current provider) as we are a multi-dwelling property. Can someone confirm that this is correct? When I tried other companies a couple of years ago (inc High Street providers) they couldn't help.

I want to check:

a) This situation would still require a broker like Alan Boswell because of the multiple flats? Are there other good brokers / providers?

b) That £520 a year seems reasonable? Property is c1880 with no issues / risks at all

The premium has gone up quite a bit over the last four years so just thought I should check others' experiences / ideas before I launch into renewal! We don't take any extras like legal cover or rental cover because of the owner-occupier situation.

Thanks for any help.

KiKi

PasturesNew

You do need one for the lot.... else the individual companies could argue for years over what to do/how much... and if one person weren't insured it'd be a right mess.

G_M

It's always worth shopping around, but you are right that the mainstream comparison websites won't help.

Try various brokers by phone and /or google ('flat block insurance policy' or similar?)

Or post query on the insurance forum.

KiKi

Thanks both - I know we need one insurance policy, it's just whether that was reasonable and if I was sticking to a company 'just because' rather than looking around!

Sorry, I didn't realise there was an insurance board - I even looked! I'll post this there instead.

Cheers
KiKi