Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

Description

Provision property insurance in respect of private dwellings sold on a leasehold basis, cover includes mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements. Lot 1: Provision property insurance in respect of private dwellings sold on a leasehold basis, cover includes mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements. The dwellings can include houses and bungalows but are generally flats in blocks and flats in houses (maisonettes) where the Council retains the freehold ownership and in some case the leases may state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required.