We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
freeholder charging extortionate fee for house insurance
Options
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
HI,
As the title states my new freeholder known from 'Southend-on-sea' is a bit of a shark.
They have issued me a demand for £370 for buildings insurance. This has trebled from before due to a new freeholder.
There are 4 flats all charged the same. So £1890 for a small house worth maybe £450000 max.
Is there anything I can do as this is a ridiculous price and must be getting a kickback.
Thanks in advance.
Chris
As the title states my new freeholder known from 'Southend-on-sea' is a bit of a shark.
They have issued me a demand for £370 for buildings insurance. This has trebled from before due to a new freeholder.
There are 4 flats all charged the same. So £1890 for a small house worth maybe £450000 max.
Is there anything I can do as this is a ridiculous price and must be getting a kickback.
Thanks in advance.
Chris
0
Comments
-
Ask to see the quote and/or the policy documents. Pretty sure that they are required to do this by law.
It could be that he has gone for a more expensive policy to protect his interests better - I doubt he can get a kickback from an insurance company.
You have the right to challenge the cost if you think it is unreasonable.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards