Exorbitant Insurance charged by freeholder who may gain commission?Make Text Bigger
Hi, I own (leasehold) a flat in a block of 30 flats. Each year the freeholder charges each owner for the insurance on the block, each flat being charged one thirtieth.
Over the years the insurance has increased which is reasonable, however it now stands at approx £800pa for each flat. The insurance includes things which we consider not relevant to us: riot and flooding.
While owners have asked the freeholder to gain competitive quotes it seems to us that he has no inclination to do so, as we presume he acts as an agent for this and his other properties, and thus gains commission which he would not wish to reduce.
Is there any way we can seek to encourage/force him to seek better quotes?
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