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Leasehold but each occupant separately arranges own buildings insurance?

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  • sparky130a
    sparky130a Posts: 660 Forumite
    Whilst i stand corrected it happens, i'm struggling to see how any claim would be validated...

    It's just a mess waiting to happen...
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    sparky130a wrote: »
    Tom Jones said so.
    Thank god! Twas all getting a bit serious for a moment there!
  • NeilCr
    NeilCr Posts: 4,430 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    sparky130a wrote: »
    Tom Jones said so.

    And often, too!
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Rosemary7391 wrote: »
    I'll hazard a guess that this sort of arrangement is more common in Scotland where flats are more likely to be freehold.

    Yes, at a guess I would say roughly half of flats in Scotland have a common policy and the rest do it individually. Obviously having one policy for the whole block makes claims simpler to administer, but insurers are used to sorting out incidents which affect more than one policyholder/insurer so I wouldn't think it a huge problem.
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