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Leasehold but each occupant separately arranges own buildings insurance?
Comments
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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...0 -
Thank god! Twas all getting a bit serious for a moment there!sparky130a wrote: »Tom Jones said so.0 -
sparky130a wrote: »Tom Jones said so.
And often, too!0 -
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.0
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