Block insurance leak excess £10,000!Make Text Bigger
In a conversion, containing over 100 apartments, there has been a spate of insurance claims relating to water leakage. This has resulted in increased premiums, and more specifically, a £10,000 excess for water damage claims, which the managing agent passes on to the individual leaseholder for the apartment responsible for the leak.
Although my apartments are checked regularly to ensure the plumbing integrity, there is no guarantee that an accident will not result in a claim.
I have 2 questions for discussion:
1. Is it possible to insure myself against the excess charged on the block policy?
2. What experience do people have trying to recover the excess from a tenant who has caused a water claim emanating from an apartment, through either neglect or just not bothering to inform the landlord of a minor leak?
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