Insurance and Leasehold implications in Blocks of Flats Recent years have seen the advent of a number of on-line facilities that expedite the short term letting of residential property and these facilities are becoming increasingly popular. There are a number of considerations however if you are thinking of letting your property on this basis. Residential […]
What is my buildings sum insured?
The simple answer to the question “what should the buildings sum insured be for a block of flats?” is the cost of rebuilding as new and not its market value. The building should be insured for reinstatement purposes which is simply the cost of rebuilding a similar property as new. The building sum insured needs […]
Terrorism Insurance Principles – A Matter of Explosion and Discretion
Terrorism Insurance For Flats – Some Clarity At Last? Some certainty has been brought to anyone arranging buildings insurance for a leasehold block of flats following a recent determination, in respect of terrorism, by the Upper Tribunal (Lands Chamber) in the case of Qdime Ltd and (1) Bath Building (Swindon) Management Company Ltd (2) Various […]