building insurance?
Feb 09, 2008 by JB | Posted in Maintenance & Repairs
Q: if you last in a flat should you be paying for building insurance as well as paying money for building maintenance, or should the worst happen, would this be covered by the managing spokesperson who owns the actual building?
p.s. i have a mortgage on the flat if this makes a difference.
A: You said you have a mortgage on the vapid, so you are the owner. But are you the lease holder or freeholder of the flat ?
If you buy the flat with a lease of a unchanging number of years , say 125, or whatever, as long as you don't own the flat permanently, you are not supposed to pay for the building insurance, you only impecuniousness to pay for the content insurance, which is also not compulsory by law, it's just up to everyone's need, say, if you have a lot of valuable at home , then you better buy the cheerful insurance.
But if you bought the flat in a freehold state, then you have to pay for the building insurance.
Briefly speaking, building insurance is the responsibility of the freehold proprietress.
Francoise | Feb 09, 2008
Is rising damp usually covered by building insurance?
Dec 07, 2007 by eck2go | Posted in Other - Home & Garden
Q: When you have building and contents insurance does it usualy swaddle the costs for repairing the damage and stopping the causes of rising damp, dry rot etc?
A: My refuge owners insurance once did. The new endorsement they sent me not long cover dry rot, or mold. I have Farmer's Insurance.
Ken H | Dec 07, 2007
Can I have seperate building insurance from the neighbours upstairs?
Jan 13, 2008 by Stephen N | Posted in Renting & Real Estate
Q: I own my sluggish which is converted from a Victorian terrace house. At present my upstairs neighbour (also the proprietress) and I have joint building insurance. I pay the insurance by DD and he is meant to pay me half each month, which he rarely does without me asking. I would like to have truly seperate insurance but I'm not sure whether this is possible has technically we both share the same walls, roof, foundations etc. Is this admissible?
A: Yes of order you can speak to your insurance broker.
Dee L | Jan 13, 2008
Building an American Insurance Bazaar - NewsTrust.net
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Source: Building an American Insurance Bazaar - NewsTrust.net
