We have had some questions recently about insurance.
Building Insurance – the fabric of the building and the communal areas are insured under the freeholder ‘s insurance policy – as per the lease the cost of this policy is paid for by the leaseholders via the service charge.
However all leaseholders are advised to have cover for their apartments in the form of either:
a homeowners policy, covering the interior of the apartment/contents/personal items and public liability.
or
for those who rent out, a Landlords Property policy, covering landlords contents, Public Liability and Property Owners liability,
they should also ensure their tenants a personal effects policy which includes public liability.