Many people decide to let leasehold flats. In many cases as buy to let investments but also letting occurs by so called incidental landlords, i.e. those who have met a potential life partner with whom they have moved in or those who have temporally relocated because of work.
Author: Residentsline
Residentsline
At Residentsline, our flats insurance policies are tailored to your needs; created for all sizes and types of blocks of flats and apartments. Our insurance cover also includes the option to include directors and officer’s liability insurance, terrorism insurance, lift cover or legal expenses protection as part of your policy or as a separate policy if desired. Residentsline | 0800 281 235 | [email protected]
All Residents’ Management Companies need to ensure that the requirements set out in their Lease are covered by their blocks insurance policy.
Your Policy schedule will often show two values one referred to as the Declared Value and the other as the Sum Insured.
The quality of your insurance cover is paramount, but the next most important matter is the accuracy of the buildings sum insured.
Service charges are payable by the leaseholder to the landlord for the services provided, as determined by the lease.
Belinda Thorpe advises on some of the recent questions received at Flat Living.
Have you ever considered what Insurers look at when they are calculating your premium or what you can do to help keep the cost down?
Belinda Thorpe, Managing Director of Residentsline advised us on insurance considerations when buying, selling or letting a flat.
Belinda Thorpe, Managing Director at Residentsline explains you can do something about your buildings insurance premium.
Buildings Insurance covers the cost of repairing or rebuilding your apartment and communal areas if they are damaged.