Leaseholder’s rights to 1 insurance policy information & 2 Right to Lodge a Claim

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    Leaseholder’s rights to 1 insurance policy information & 2 Right to Lodge a Claim

    Leasehold owners often need to see the policy information to assess the scope cover and insured sums, as well as for the purposes of investigation and resolving a dispute or litigation. An annual request along with retention of annual budgets invoices and accounts can prove useful in a future sale.

    The statutory right (and exceptions) are linked below and should be quoted in making such requests. Requests should be made as an exercise of your rights under section 30A Landlord and Tenant Act 1985 and schedule 3 Landlord and Tenant Act 1987 as below.

    http://www.legislation.gov.uk/ukpga/1987/31/schedule/3

    The Landlord is obliged by law to respond and if they fail to do so can be compelled by the local authority or magistrate’s court to do so and the landlord can also be prosecuted for failure to do so.

    As with most legislation it is obscure but the right exists to first obtain the summary and then access to the policy. There is no cost or fee due for the summary or the policy when exercising this right as the legislation does not allow for it.

    .................................................. .............

    Right To Make a Claim

    Landlords often refuse to process a claim and under the above there is the right to contact and notify the insurer of a claim which will assist you in progressing the matter. This statutory right, together with the lease wording, overrides the contractual exceptions in some policies to not contact those who are not the insured or are have no interest in the policy.
    Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

Latest Activity

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  • weighing up terrorism insurance
    by flyingfreehold
    I have two quotes for annual renewal of our portfolio of management properties under an extensive block policy; mixed residential and commercial.

    One is from an absolutely top world class insurer and household name; and another from a firm new to the UK but supposedly reputable and fast...
    07-08-2020, 12:55 PM
  • Reply to weighing up terrorism insurance
    by Section20z
    If you're in westminster get the terrorism cover if you're in Bembridge take the risk.
    07-08-2020, 14:09 PM
  • Reply to weighing up terrorism insurance
    by Lawcruncher
    Possible solution: Tell the holding insurer about the quote you have received from the newcomer. They may reduce thier premium.
    07-08-2020, 13:01 PM
  • House insurance
    by LMK
    Hi. I am getting my property ready to rent out (my own place which I have been living in). My house insurance is due for renewal about the same time. Do I just buy normal house insurance for.. Maybe a month then cancel it and buy landlord insurance? Or see if they can upgrade it to landlord insurance?...
    05-08-2020, 09:15 AM
  • Reply to House insurance
    by jpkeates
    The situation is different if the property is empty awaiting a tenant or the landlord to be is currently living there.
    Landlord's insurance wont be valid if the landlord is the occupant.

    Only if you plan to move back in during the voids (which would be very unusual).

    ...
    05-08-2020, 11:18 AM
  • Reply to House insurance
    by cuttingman
    I told my landlord insurance I was still waiting for people to rent it out. They said that was fine and started the insurance.

    So some follow up questions for the senior members. What do you do during void periods? Cancel the landlord insurance and get residential insurance and then start...
    05-08-2020, 10:31 AM
  • Reply to House insurance
    by LMK
    Any recommendations for companies for landlord insurance? While I'm here. And I'll see about getting normal house insurance with them then upgrading it when the time comes. Thanks...
    05-08-2020, 10:31 AM
  • Reply to House insurance
    by ash72
    I wouldn't, in the unfortuante case you need to make a claim while in the transition period, it may invalid the insurance if they decide to check.
    05-08-2020, 09:48 AM
  • Reply to House insurance
    by LMK
    I thought about just going straight for the landlord insurance but it was asking who it was rented to.. What their situation was etc. And I don't know that yet...
    05-08-2020, 09:46 AM
  • Reply to House insurance
    by ash72
    while the property is still on a residential basis you should obtain normal house insurance, then once you rent it out you should then get a landlord insurance. It would be better to see if the normal house insurance provider also provides landlords insurance as then the process would be much easier...
    05-08-2020, 09:26 AM
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