Inflated Building Insurance by FreeholderMake Text Bigger
I currently have some two bed flats in a block where the freehold has recently been
I recently got an insurance bill from them that contains the following items:
Annual Ground Rent: £250 (Standard)
Annual Building Insurance: £212.82 (Seems a bit expensive. I have a 3br house nearby insured for £130).
Insurance Admin Fee: £20
I’ve looked a bit online and I can see some articles about 50% commissions being paid back to the freeholder from the insurance company (see THIS ARTICLE in the Independent newspaper)
If they are getting a large commission does anyone have any experience about asking for this to be factored into the insurance premium?
Also the insurance admin fee is new to me.
Are they allowed to do this?
Do I have to pay it?
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