Does buildings insurance cover damage that existed before I purchased?Make Text Bigger
Hello all, I will explain in more detail, but first just wanted to say that this site has been a great source of learning for me as I have been planning to build my portfolio and I can’t thank the owners and contributors enough for the knowledge sharing.
Now for my query – I hope you can help.
I have purchased a leasehold flat which had water damage caused by damage to the roof prior to my purchase of the property. I was adviced by my solicitor and the seller’s solicitor that I should be able to claim against the existing buildings insurance for this damage, even though I didn’t own the property myself at the time of the damage… I managed to convince myself that this was true.
After requesting the freeholder to raise the insurance claim, he has informed me that the insurance company has declined the claim as I personally didn’t have a financial interest in the property at the time of the damage. Now, I can also convince myself of this, however I have experience of how lazy the freeholder is, and wouldn’t be surprised if he hasn’t even contacted the insurance company and is just giving me his personal opinion as fact.
What’s your view? Any advice on next steps?
Thanks in advance.
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