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?
Insurance water escape director making false statement to broker
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Reply to Recommendation - Company Letby roywI agree with the above, there's a very good reason insurers don't want to take on this risk. Perhaps you ask the agent why they think you should. Personally I'd be looking at using an agent who wants to get the best for me.
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Channel: Insurance Questions
25-05-2022, 12:00 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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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 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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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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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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