What was said that is false? What was the water claim?
It is fairly self evident that lying is a "breach of fiduciary duty" but we cannot tell whether that is the case.
Insurance water escape director making false statement to broker
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Insurance water escape director making false statement to broker
Hi All, I hope you are all well! Just a quick question and my apologies if this is in the wrong section....happy to move it if admin thinks best? Our directors are leaving out one of the other directors, out of the loop as regards information and it has come to light that one director has written a false and misleading statement to an insurance broker in an attempt to stop a water claim. Is this a breach of fiduciary duty and how best to deal with the situation?Tags: None
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Reply to Recommendation - Company Letby jpkeatesGlib answer - that's because insurance companies specialise in measuring risk, and there's a reason that they don't want this kind of business.
More sensible answer - You need to talk to an insurance broker, website and online applications won't support anything not 100% vanilla.
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Channel: Insurance Questions
24-05-2022, 14:26 PM -
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by PaulW23I have a property that my Agents have recommended a company let with a local Charity that supports young people coming out of Care Homes. The charity let the property under a company let agreement and pay all the rent.
The problem I am finding is getting insurance for such a situation. It is not...-
Channel: Insurance Questions
18-05-2022, 09:51 AM -
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by Section20zAsk the buildings insurer, it may well be covered...
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Channel: Insurance Questions
24-05-2022, 14:02 PM -
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by madasafishThe freeholder of a semi-attached house converted to two flats is telling me that if my ground floor tenanted flat is flooded by his upstairs tenanted flat (eg: upstairs bathroom overflows) then legally I have to claim on my accidental insurance.
This sounds absurd. Is he right?...-
Channel: Insurance Questions
24-05-2022, 09:49 AM -
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There's no legal requirement to claim on any or anyone's insurance. You could simply sue upstairs - after 1st asking them to pay up.
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Channel: Insurance Questions
24-05-2022, 12:34 PM -
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by jpkeatesIt's not that you "legally" "have to" claim.
You could just pay yourself - there's no obligation to be insured (unless it's part of the lease covenants).
In one sense, they're right, in that you can't simply assume that your costs will be met simply because the...-
Channel: Insurance Questions
24-05-2022, 10:18 AM -
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Reply to Recommendation - Company LetGoogle rent to rent scam.
Avoid-
Channel: Insurance Questions
18-05-2022, 15:26 PM -
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Reply to Recommendation - Company Letby nukecadWhat your agents are proposing is a let-to-let arrangement.
The general advice is to avoid such schemes like the plague.
You are letting to a company (the charity). They then let you property to someone else.
The people they put into the property are not your tenants,...-
Channel: Insurance Questions
18-05-2022, 12:35 PM -
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by LindenI understand it is a landlords responsibility to insure the house I live in. However, as a tenant, could I choose to take our buildings insurance. If I could, I would then advise my landlord that I have done this, and he has no need to.
Would the insurance in my name my valid?...-
Channel: Insurance Questions
17-05-2022, 07:55 AM -
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Reply to Buildings insce for tenantby ashburnhamThe insurance in your name would be invalid. Only the owner can insure the property. What is the reason for you wanting to do this?
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Channel: Insurance Questions
17-05-2022, 14:48 PM -
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