Joint freeholder doesn't want joint insurance

Sapphire

MarlaM wrote: »

Hi there,

I'm new here, but I have tried to search for any answers to this but I can't quite find the same thing so I hope you may have some advice for me please, thank you.

I recently bought a flat in converted house that contains two flats. We are both co-freeholders. The other freeholder and I chatted about getting joint insurance but the quotes came back quite expensive, upwards of £800. The co-freeholder said this was too expensive (I agree, but also see the need for it) so they refuse to do this option and say they simply cannot afford that. There is nothing in the lease that says we must have a joint policy, only that it should be insured - whilst this is frustrating, I can't enforce it.

Obviously I am worried about the many issues separate policies could raise. This is probably a silly question, but is there a loop hole in us getting a policy with the same provider maybe?

Has anyone else got experience with similar? What did you do? I just want to cover my flat as well as I can in the circumstances.

Thanks in advance, M

There are two maisonettes in my building (Victorian), and according to the lease, we each pay insurance separately, a system that has worked well. We each also take care of our part of the building, i.e. the ground floor and the top floor separately, so any alterations to the roof, for example, are paid for by the top floor. The system works, in our case.