Conflicts of interest

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    Conflicts of interest

    I would like to ask people's on the following situation. I own a flat in a building managed by an appalling managing agent, and I have just confirmed that the company insuring our building is also the landlord of the building. As our managing agent should be acting in the interests of the residents, is it a certain conflict of interest on their part when dealing with insurance claims?

    Many thanks

    #2
    Originally posted by Badgermike View Post
    ................... I have just confirmed that the company insuring our building is also the landlord of the building. .....

    ?? You mean your landlord is an insurance company?? I'm confused, could you kindly clarify for an OaP.
    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
      Yes, in as much as they're under the same Umbrella company. The landlords/owners of the building are Aviva Investors Ground Rent GP and Aviva investors holding. The insurers are Aviva insurance.

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        #4
        But who is the managing agent for the freeholder ?

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          #5
          Originally posted by Badgermike View Post
          Yes, in as much as they're under the same Umbrella company. The landlords/owners of the building are Aviva Investors Ground Rent GP and Aviva investors holding. The insurers are Aviva insurance.
          Which is the Freeholder, please?

          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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            #6
            The managing agent is supposed to obtain competitive quotes from 3 different insurance brokers before placing the order for buildings insurance cover.

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