Building insurance being charged by freeholder

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    Building insurance being charged by freeholder

    i'm sure this one comes up all the time but I went through the first few pages and couldn't find an answer.

    The freehold for my flat is owned by Pier management (Regis group) in Southend. The building comprises of two flats with an equal division of the insurance. The amount we are being charged by Pier for this insurance is over £1200 per year. This is extremely excessive.

    I have provided them with additional policies to show that this is way over what we could be covered for, However, they are not accepting these as they don't match their own policy exactly. I am finding it impossible to find a policy that matches exactly and I don't know how to. I don't want to give up and stay overcharged by them.

    If anyone has any idea/advise it would be greatly appreciated!

    #2
    Apply to the First Tier Tribunal for a determination.
    To save them chiming in, JPKeates, Theartfullodger, Boletus, Mindthegap, Macromia, Holy Cow & Ted.E.Bear think the opposite of me on almost every subject.

    Comment


      #3
      Before you make application to FTT , you must get some quotes for insured cover on " like for like" cover basis . The FTT will not compare quotes if the insured cover is different.

      You must send a written request by registered post to the MA for a summary of insured cover under the buildings insurance policy for your address.

      This summary will show the name of policy holder, the cover period of policy , the insured value for re-instatement of the building, insured value for public liability and other covers etc and this information must be given to you within 30 days or it becomes a criminal offence .

      After you have the exact spec , then you can get the alternative quotes which FTT are able to compare with current policy cost of 1200 pds.

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