I am new here and my first post...
i bought my house in 2016 in a building with two converted flats. The house came with the freehold for the whole property. The building has two semi detached parts. One part forms our house and the other part has two flats one in each floor. The leaseholders of both flats have let out their flats to tenants.
Last May, the ground floor flat had water leak from the flat above suffered ceiling damage. It was repaired and then the flat was put on sale by the leaseholder. In September there was a recurrence of leak and again it was repaired. The leaseholder had claimed £14000 towards the repairs and loss of rent.
Now sale has been agreed. The insurance policy comes up for renewal in mid-April. I would like to bill the present leaseholder for the renewal premium before the sale completion as there could be a transition period of 2-3 months before the new owner steps in.
When I try to get a renewal quote, the insurer refuses to provide one before 30 days of start. Other insurer's refuse to quote due to the claims.
Any advice will be greatly appreciated regarding -
1. How to ensure the premium is collected before the sale process starts?
2. Which insurer would be a good candidate to quote for the converted flats with adverse claims?
Thanks.
i bought my house in 2016 in a building with two converted flats. The house came with the freehold for the whole property. The building has two semi detached parts. One part forms our house and the other part has two flats one in each floor. The leaseholders of both flats have let out their flats to tenants.
Last May, the ground floor flat had water leak from the flat above suffered ceiling damage. It was repaired and then the flat was put on sale by the leaseholder. In September there was a recurrence of leak and again it was repaired. The leaseholder had claimed £14000 towards the repairs and loss of rent.
Now sale has been agreed. The insurance policy comes up for renewal in mid-April. I would like to bill the present leaseholder for the renewal premium before the sale completion as there could be a transition period of 2-3 months before the new owner steps in.
When I try to get a renewal quote, the insurer refuses to provide one before 30 days of start. Other insurer's refuse to quote due to the claims.
Any advice will be greatly appreciated regarding -
1. How to ensure the premium is collected before the sale process starts?
2. Which insurer would be a good candidate to quote for the converted flats with adverse claims?
Thanks.
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