Buildings insurance for flat

BlaEm

I'd probably suggest at the point of exchange insuring it based on the current locks - if anything happened between exchange and completion, you wouldn't be covered otherwise!

Go and check out what type of locks they are the day of / day before exchange - you should go and view again anyway, just to double check nothing has changed before you exchange.

The insurance policy will likely have a 'cooling off' period so if after completion you upgrade the type of lock you can cancel the old policy and take out another one which accurately reflects your security levels.

Just FYI, my maisonette - self contained / own front door with ground floor flat below - is the same; per the lease it is the leaseholder's responsibility to insure.

eddddy

malihat wrote: »

Our solicitor just told us we had to get a buildings insurance indemnity policy, which has been done. My understanding is that that will cover the above situation?

<snip>

Ok - so it sounds like it's all under control.

But... I think you may need to go to a specialist insurer for this, possibly via a broker (who could also answer you question about locks).

Or, if you are getting quotes from comparison sites etc, at the very least, phone the insurers and describe the property you are buying, to see if they will cover it.

(You might get more advice on this by posting in the 'Insurance & Life Assurance' board. But you may need to convince people all over again that the freeholder isn't insuring the block!)

AdrianC

malihat wrote: »

It's on the ground floor and has it's own entrance at the front and a patio at the back. I believe there is one other flat above us and that has it's own entrance.

Then I'd start by knocking on their door and asking them what the score is.