Freeholder building insurance
Other

Pui
Pui
2 Thanks
40 Posts
8 years ago
0
Hi everyone,
I'm a leaseholder of a flat for letting, and together with other 4 leaseholders in the building, we have just formed a Right-To-Manage company. Now we are in the process buying the building insurance for our block, and debating who should be the 'Insured'. We also checked with the freeholder (a company) who had no idea about it, but guess it should be our newly formed Right-to-Manage company.

I personally think that the insured (the policy holder) should be the freeholder as he owns interest of the whole block, and the RTM is only an agent authorised to manage the day-to-day running and has no interest (freehold or leasehold) of the building. But I am not sure. I would appreciate it if anyone can share your knowledge and give me some direction.

Thanks.

Pui

Sorry if I am in the wrong forum. Coudn't find a forum about landlord being leaseholder at the same time.

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