I live in a block of 4 flat factored by hacking and Paterson and they have increased our insurance to £520 for the year.
I have repeatedly asked for them to help and try reduce costs by finding alternative insurance but have been offered nothing.
I have done my own research and checked my title deeds and nowhere states that I must be insured under a block policy. All it says that my property must hold adequate insurance. It does state on underoneroof.scot that I have the option of block policy or individual policy as long as the common areas are insured. It also states that I must provide proof to any owner that requests it within 14 days but I have spoke to 2 out of the 3 owners and they are happy to do the same. I have found a quote for buildings and contents insurance for £195 from a reputable company that states the common areas are insured.
Does anyone know or have experience of my situation and know if I am able to go ahead with my own insurance?
It’s also interesting to note my brother also has a flat within a block of 12 in another development insured by hacking and Paterson and with the same insurance company, and his seems to be under an individual insurance policy yet whenever I mention it to H&P they say they can’t discuss any other properties. So it can be done.
- All Categories
- 341.9K Banking & Borrowing
- 249.7K Reduce Debt & Boost Income
- 449.2K Spending & Discounts
- 234K Work, Benefits & Business
- 606.2K Mortgages, Homes & Bills
- 172.5K Life & Family
- 246.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards