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Hi,

I own a flat in a building which has 3 flats inside and we own the freehold together. Can anyone offer any advice on getting good Buildings Insurance for this situation?


Our policy needs renewing and last year it went up to ?1528 - surely I can find a cheaper way than this but I'm not sure where to start looking as there is not one owner of the freehold rather all of us.


Is anyone else in this situation and can help?

Mnay thanks E

Hi

We were in a similar position about 6 months ago - acquired the feeehold of our house of three flats from the previous freeholder. We used Deacon Insurance, a broker based in Bournemouth who specialise in this sort of thing. Number is 01202 449618. We managed to reduce the previous insurance bill by almost 50% to around ?700.

I'll give a 2nd recommendation for Deacon, as per MrBrightside above. I forget what our last premium was (I moved from that house a year ago), but Deacon went through all the possible insurers and really helped to find a good policy. Make sure the policy includes subsidence cover, which is essential in SE22. When I bought the flat, the original owners had forgotten to include that (hence the "cheap" policy they believed they had at the time!)
We also have 3 flats in one house with share of freehold. Our renewal quote was over ?1,000 but after looking on this forum I found discountinsurance.co.uk - it was ?328! Comparisson sites are tricky for buildings that aren't straightforward; we found it was best to get a broker.

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