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Dec, 2014

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  1. #1

    Question house divided into 2 flats - buildings insurance for whole?

    i have just bought a flat in a victorian house, divided into 2 flats. I am the freeholder, and responsible for organising buildings insurance of the whole property. (although both of us will be splitting the cost). where should i start looking for an insurer? Ive realised that a 'high street' firm won't do it.
    It's insured already by the previous freeholder with Nat-West, but i dont trust the policy that's in place, i dont think it makes clear the 2 seperate flats.
    And will i need to pay a surveyor to establish the rebuilding cost?
    Thanks in advance.

  2. #2

    Default I Can Help !!!!!

    As a joint freeholder I have seen the same problem and solved it ! I have seen numerous clients that Nat West covered or so they said I can tell you a horor story or 2 about Nat West and banks in general you are right to be worried !!!
    Drop me an email please and I can help get the rebuild cost for free and sort out the cover if you wish

    Kind regards

    Neil
    specialist@deliteinsurance.co.uk

    PS anyone wanting a copy of an article I wrote on this subject please contact me

  3. #3
    Join Date
    Oct 2006
    Location
    North East
    Posts
    45

    Default

    Try UKinsuranceNET on 0845 3651264 or visit www.landlords-building-insurance.co.uk

    We should be able to recommend a suitable policy at a competitive premium

    Chris

    UKinsuranceNET

  4. #4

    Default Freeholder of house split into 2 flats...what building insurance do we need?

    If I am the freeholder of a Victorian house split into 2 flats, one of which I own, do we both need separate buildings insurance or should we just have one? My insurer said we both need it but both with the same insurer, is this correct? Thanks for your help.

  5. #5
    Join Date
    Sep 2006
    Location
    Sheffield
    Posts
    39,409

    Default

    Quote Originally Posted by LadyFenelopy View Post
    If I am the freeholder of a Victorian house split into 2 flats, one of which I own, do we both need separate buildings insurance or should we just have one? My insurer said we both need it but both with the same insurer, is this correct? Thanks for your help.
    Depends on leases' wording. Ideally, one policy for whole is best.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

  6. #6
    Join Date
    Feb 2005
    Location
    London
    Posts
    3,583

    Default

    Definitely do not buy separate buildings insurance for each flat. The freeholder should buy block of flats buildings insurance that notes all interested parties (eg lessees, mortgagees).

  7. #7
    gotorightway123 Guest

    Default

    If I am the freeholder of a Victorian house split into 2 flats, one of which I own, do we both need separate buildings insurance or should we just have one? My insurer said we both need it but both with the same insurer, is this correct? Thanks for your help.
    Last edited by Editor; 27-09-2009 at 13:48 PM.

  8. #8
    Join Date
    Sep 2006
    Location
    Sheffield
    Posts
    39,409

    Default

    Quote Originally Posted by gotorightway123 View Post
    If I am the freeholder of a Victorian house split into 2 flats, one of which I own, do we both need separate buildings insurance or should we just have one? My insurer said we both need it but both with the same insurer, is this correct? Thanks for your help.
    As a guest (= non-LZ member), why are you posting?
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

  9. #9
    Join Date
    Feb 2005
    Location
    London
    Posts
    3,583

    Default

    I'm assuming they've been demoted, but not completely barred. This person was copying and pasting members' text on several threads (compare LadyFenelopy and gotorightway123's text), seemingly innocently asking exactly the same question, but slipping in a link to their website and basically advertising. I spotted the pattern of posting and reported it.

  10. #10

    Default 3 flats, 3 insurances?

    Hi everyone

    I am about to buy a ground floor flat in a victorian conversion house which is split into three flats, together with buying the flat I will also buy a share of the freehold.

    My solicitor asked building insurance information from the other party and it looks like every flat has its own building insurance policy (at least the flat I am buying has its own policy), there is no management company and everyone looks after its own piece.

    Is this a valid/normal situation?
    For example: what happens with communal parts?
    What if a roof tile falls on the head of somebody?
    Who is legally responsible?

    thanks in advance

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