0:04 AM, 4th July 2023, About 8 months ago 3
Hello, We are in a block of 15 flats some rented, some of us live here. We own the freehold.
Is it common practice for a director to use the building insurance when their tenant had an internal fire in the flat that was fuelled by their hoarding habits?
We have had to pay £1,000 promptly as it was classed as an ‘extra ordinary’ payment for the insurance excess.
The flat was done up to the tune of £100,000 plus loss of rent.
Because the owner of the flat went straight to the insurance company, the managing agent said it has nothing to do with them.
Now our insurance has gone from around £4,000 – £12,500.
If that is the case of being allowed to use the building insurance as we feel free, shall I cancel my contents insurance?
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