Coach House Buildings Insurance

haribo85

Hi All,

Just wondering whether anyone has any recommendations for Buildings Insurance in the South East for a property which is a Coach House.

I am not far from buying this property, which I will own the freehold on, which consists of the coach house above, three garages underneath.

Two of the garages are on long term 999 year leases to two neighboring properties and the third I will have.

I am waiting to find out who the current owner is insured with, but want to know whether anyone has any firms to recommend. It is more difficult because none of the comparison sites take Coach Houses into account, so its more of a one by one comparison.

Thanks

propertyman

Virtually all buildings insurers will write a policy for this. The online forms however won't!

As freeholder you needs to do several things

1: Ensure that the declared value for the building is up to date, that is something freeholders have to do, not insurers, roughly every 3 to 5 years.
http://www.deacon.co.uk/useful_information/buildings_declared_value.aspx ignore the block of flats bit, this applies to you.

2: That the leases allow for the recovery of the garage;s shares of the premium

3: You understand who is responsible for what repairs

4: That the freeholder can confirm that the registered owners of the garages are up to date.

5: Check that the roads and pathway if they are not adopted by the local authority are someone's to maintain and if your's, do the garage owners contribute and do you insurance these areas too ( public liability and fire impact etc) .

haribo85

Hi,

Many thanks for your detailed reply. I can answer all of those questions, so I guess it is just a case of approaching insurers now.

A very open ended question, but does anyone know any insurers who will be on the cheaper end of the scale in regards to insuring this type of property?

My plan today is to contact a broker to see how they can help.

Thanks

haribo85

Hi All,

Further to this, after speaking to a broker, they are only able to find one Insurer who offers cover on a Freehold Coach House with three garages, two of which are sublet.

If anyone is reading this who owns a Coach House and has insurance, please can you let me know who it is with.

Many thanks

geoffky

I live next to a coach house its a large place and still has the old stables that the horses went in..i could ask them who they insure with if you like..Switch your pm on.. use Edit options via user cp

tink_1983

the house that we are buying has a gargage under a coach house, we are one of four garages and will be required to pay 12.5% of their buildings insurance, the builder told me that the building is subject to normal insurance... the garages that dont belong to the coach house have no electric and there are rules that we cant store anything flamable etc in them

geoffky

haribo85 go to user control panel then in the left hand side you will see edit options, open then tick the box to receive pms..I have got your pm but unable to reply to you via pm..

haribo85

geoffky wrote: »

Sent you a PM

Thanks. From what I have been told so far by my solicitor, I need to provide buildings insurance for the whole property, as I own the freehold to the whole building and lease out two garages, it is my responsibility to insure the plot.

They to are bound by similar rules stating they cannot store flammable liquids, cannot play the drums in there etc etc.

Is yours a new build? This is from 1991.

dacouch

Try a proper local broker eg one that has been there for decades.

One way of getting this covered is to arrange a home building policy with an Insurer and then arranging a Commercial Property Owners eg Landlord Policy with the same Insurer. Very few companies will offer this, but a good broker will know an Insurer who will cross refer the policies.

Not mega cheap but one way of offering it