house divided into 2 flats - buildings insurance for whole?

[kateandersonjack]

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.

[specialist]

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

[Pete Matthews]

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

[LadyFenelopy]

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.

[jeffrey]

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.

[Poppy]

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).

[gotorightway123]

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.

[jeffrey]

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?

[Poppy]

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.

[mizar]

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