1. Home
  2. UK Finance Discussions
  3. Insuring a house as freeholder

Insuring a house as freeholder

We live in a house divided into two flats and together with the owner of the other flat are in the process of buying the freehold. We will then need to take over the process of insuring the buildings.

Most online quote services don't cover this, they just quote for a whole house. Does anyone know of any insurers who cover this situation?

The freeholder previously used Axa, but the premium seemed very expensive. Eg a house with a rebuild cost of 200k costs 350 through Direct Line if you've got the whole house, but they won't quote at all for two flats in one house, and Axa want 1,200. Seems outrageous to me considering the potential payout is the same.

Anyone recommend anyone?

Reply to
John Redman
Loading thread data ...

In message , John Redman writes

But (and I know you wont agree) the risk of making that payout is higher.

I think you need a broker for this one.

Reply to
john boyle

"john boyle" wrote

I can see it's slightly higher, inasmuch are there are 2 kitchens rather than 1 hence twice the likelihood of fire, but I still don't see how this translates into a premium 3.5 times higher than if more people were occupying the same building.

Reply to
John Redman

Because of the "It's not my building" effect.

Reply to
Jonathan Bryce

It *is* my building though. It's 50% mine.

Reply to
John Redman

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.