Jump to content

Recommended Posts

I'm renovating a buy to let flat in a building that has 6 flats. There is already building insurance for the building which is part of the service charge. 

So i want to findout if I need to get insurance for renovation work. Or is it normal to do renovation without taking out renovation insurance each time?

Thanks 

Link to comment

Hi Turnkey,

I'm assuming you are worried about your Freeholder/Managing Agents/Lease rather than the terms of any mortgage or lenders stipulations?

If so, read your lease. 

I have worked in a number of leasehold flats and apartments and have never had renovation insurance.

I've converted Studios to one beds, and one beds to two beds, with freeholder consent where required.

Never been asked for renovation insurance, public liability insurance i have been asked to provide despite it having no mention in the relevant lease. (Just to warn you).

Conrad Paton

Conrad Paton

+44 7957 959851

conradpaton@yahoo.co.uk

https://www.linkedin.com/in/conrad-paton-424446110

 

Link to comment
  • 1 month later...
On 6/30/2021 at 9:05 PM, turnkeymaker said:

I'm renovating a buy to let flat in a building that has 6 flats. There is already building insurance for the building which is part of the service charge. 

So i want to findout if I need to get insurance for renovation work. Or is it normal to do renovation without taking out renovation insurance each time?

Thanks 

You need to get landlord insurance for the contents

Your builder should also have insurance during the renovations

_______________________________________________________________________________________________________________________________
Vin Gupta
Property Investor and Developer
UK Property Blog: https://evolutionblogger.com/article/uk-property-articles
Travel Blog: https://soulfultravelguy.com/

Link to comment
  • 1 month later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...