Freeholder buildings insurance

Hi all,
Looking for some guidance.

I own the freehold for my whole building, which is made up of two flats. Si am responsible for obtaining buildings insurance.
It is a converted Victorian era property in London.

I own the ground floor flat and upstairs is owned by someone else with their own leasehold.
I thought this would be a fairly standard setup.

I am struggling to get a competitive buildings insurance quote. As insurers say I need commercial insurance/multi flat insurance or just won't quote as its two separate properties. 

Any advise on where to look?
Thanks Anthony 

Comments

  • user1977
    user1977 Posts: 13,345
    First Anniversary First Post Name Dropper Combo Breaker
    Forumite
    edited 18 January at 11:47PM
    london_79 said:

    As insurers say I need commercial insurance/multi flat insurance 
    Well, you do, as it's a multi-flat setup. Are you saying you still can't get any quotes? Not sure what you mean by "competitive", surely it depends on the range of quotes you get?

    What sort of insurance have you currently got?
  • DullGreyGuy
    DullGreyGuy Posts: 9,182
    First Anniversary First Post Name Dropper
    Forumite
    london_79 said:
    I am struggling to get a competitive buildings insurance quote. As insurers say I need commercial insurance/multi flat insurance or just won't quote as it's two separate properties. 
    Yes, it's called Block Insurance (short for block of flats) and is a form of commercial property insurance. It's sold only via intermediaries and not on comparison websites so it's a case of contacting some local brokers for a quote. If you google there are a couple of intermediaries claiming to specialise in tiny blocks (eg converted houses) but no idea if they are any more competitive on price or the quality of the product. 
  • Bob_Bridges
    Bob_Bridges Posts: 139
    First Post First Anniversary Combo Breaker
    Forumite
    In the same situation here. Trying to find freeholder insurance is a real pain.
    I live in the upstairs maisonette and own the freehold which includes the flat on the ground floor.
    Cannot find anything on mainstream insurance companies.
    Will post links if I find anything useful via brokers.
    Good luck !
Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards