Top-to-tail Lease: Implications Concerning Building Insurance?
Hi! My partner and I are hoping to purchase a flat in the coming weeks but are having problems finding out about building insurance cover. The flat is in a block of two each with their own entrance – there is no communal charge for upkeep or building insurance.
I have rang a number of building insurance companies, most of which do not know what such leases are! The current company providing building insurance seem unaware of the type of dwelling that they are providing cover for and have stated that they would not provide insurance – even though they currently are doing for the current occupants!
It seems that if one flat is not insured then the insurance of the other maybe come void – which is the nub of the issue. If we purchase the flat and obtain insurance but the occpants in the flat below do not, cannot, forget to renew for a week, where exactly do we stand?
Tagged with: building insurance • current company • dwelling • google • insurance • insurance companies • leases • many thanks • nub • occupants • thanks in advance • upkeep
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