Are freeholders obliged to insure against escape of water?Make Text Bigger
I am a leaseholder in a large block of flats built in 2007.
After two flats were severely damaged by water escaping through pipes our insurance had the excess for escape of water increased to £20,000. Year by year this was reduced to £12,000. However, last year the insurance company said this was an error and they would not include escape of water in our policy. Hence we now do not have any cover for escape of water.
My questions are:
- Does the freeholder have to provide such cover?
- Can insurance companies opt out like this or is it like subsidence that the existing company has to cover you?
- Is this a usual scenario? That is do blocks of flats often not have such cover?
Any advice or help would be most gratefully received.
I should mention that this escape of water was due to poor building by the developers and not the usual flooded bathroom. Hence the insurers probably consider the building as a whole a risk.
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