Leasehold buildings insurance


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Frequently asked questions

  • I’ve received a demand for my share of the buildings insurance. Do I have to pay it?
  • The freeholder is charging me too much for my insurance. What are my rights?
  • What to know if you have to buy leasehold buildings insurance
  • What does buildings insurance cover me for?
  • Where can I get leasehold buildings insurance?

I’ve received a demand for my share of the buildings insurance. Do I have to pay it?

You’ll need to check the terms of your lease as it might require you to pay a share of the buildings insurance. Your lease should clearly spell out who’s responsible for arranging building insurance cover and what that cover should include. 

The freeholder is charging me too much for my insurance. What are my rights?

If you think you’re being charged over the odds for your buildings insurance, you’re within your rights to ask your freeholder for a copy of the insurance policy. If you’re not happy with the cover and the freeholder isn’t prepared to negotiate with you, you could choose to take them to a tribunal. It’s much like a normal court of law, and an independent judge will decide the outcome of the dispute.  

It might be worth discussing the matter with other leaseholders in the building, as the freeholder might be more readily persuaded by you all acting together.

What to know if you have to buy leasehold buildings insurance

In many instances, the freeholder/managing agent will buy the required buildings insurance, but it’s important to confirm cover is in place before you move in.  

If you find you’re responsible for arranging buildings insurance, you need to ensure you have cover for the rebuild cost of the building, not the market value. Read our guide on how to calculate the rebuild cost of your home.

What does buildings insurance cover me for?

Buildings insurance covers the cost of repairing or rebuilding your home in the event of: 

  • storms, floods, fire and explosion
  • vandalism and theft
  • fallen trees and lamp posts
  • frozen or burst pipes  

Typically, it will cover all costs associated with repairing or rebuilding your home, including architect’s fees, site clearance and alternative accommodation – where necessary. 

Where can I get leasehold buildings insurance?

The secret to getting the most suitable policy for your needs is to shop around. All you need to do is give us a few details about you and your home, and we’ll find you a range of quotes from UK insurance providers in a matter of minutes. So why not see if you could save?

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