Odd name as policy holder on insurance docs

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    Odd name as policy holder on insurance docs

    Our freeholder buys block insurance for the whole building which we as leaseholders reimburse through our service charge - as is normal. The freehold is owned by a limited company, but the insurance certificate is made in the name of the freehold company owner and a second company. This second company is related by a common director and shareholder, but which has no legal interest in the building at all. Why would this be? The owner seems to be a bit shady at times and I am concerned that if anything did happen this second company would make off with the insurance proceeds. Am I right to be worried or am I too suspicious...?

    #2
    Not my area but I'd assume insurer would be within their rights not to pay out.

    Think I'd ask (simply, in writing...) why there is no insurance policy in the name of the freeholder. It would certainly worry me!
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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      #3
      Thank you for your reply. The policy has the freeholder on it but in addition this other company too.

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        #4
        Is the second company the managing agent for the block? I would call up the insurance company and directly ask them, that way you will be reassured if all the blocks are covered or not.

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