Share-of-freehold: buildings insurance on price-comparison websites?
8 replies 74 views
Trying to work out the most cost effective way to get buildings + contents insurance for a share-of-freehold flat in a building with two flats.
Is it actually possible to do this properly via a comparison website, or am I destined to go to specialist insurers to get the buildings insurance?
If I use one of the price comparison websites to request buildings plus contents insurance, then I have two options:
(a) fill out the forms as if it's for the whole building. So I put the total number of bedrooms for both flats, and so on. But the standard forms don't have any questions that cover the scenario where the building is shared between owners. So my conclusion is that I am not going to be offered the right insurance.
(b) fill out the forms as if it only applies to my flat. Then the presumption is that the "buildings insurance" offered applies only to my flat. And would rely on the other owners getting their own buildings insurance on a similar basis. But then, does any insurance apply to the shared areas? Again, it leaves me worried that the insurance offered will not actually be correct.
So my conclusion is that I can't use one of the regular websites, and need to look for buildings insurance from insurers who deal specifically with this situation. Or am I over-thinking things?