Insurance (Warner only)

 

 

Below are frequently asked questions specifically regarding insurance for Warner properties. If the answer you are looking for is not here, please feel free to email us at insurance@freeholdmanagers.co.uk

 

·  How do I arrange to place my property onto the Freeholders' block policy?

·  The previous Freeholder did not enforce this covenant - why are you?

·  Why isn't the cover you are quoting for a full year?

·  What payment methods are available to me?

·  How can I check the insurance covenant in my lease?

·  How do I make a claim?

·  Do I need to sign anything?

·  How do I get a copy of my insurance certificate and full policy wording, and what excesses are payable?

·  Will the insurance be affected if I sub-let my property?

·  What if I sell my property and need a refund?

·  What about contents insurance?


How do I arrange to place my property onto the Freeholders' block policy?
To arrange cover you need to instruct us in writing or by telephone. We will need to know the date from which you require the cover to commence, and if you have a required building sum insured in mind. We will then instruct our brokers, Oval Insurance Group Limited, who will invoice you accordingly. Alternatively you can contact our brokers directly on 08458 725 726 to arrange cover.


The previous Freeholder did not enforce this covenant - why are you?
We enforce the covenants of your lease regardless of the previous Freeholders' actions. Your lease states that the Freeholder should insure the property unless it is mortgaged through a building society; they are then at liberty to insure. In today’s increasingly volatile insurance market, it is now essential that all lease covenants are enforced. It is our responsibility, as the agents of the Freeholder, to uphold their responsibility and to ensure that all risks are covered adequately.


Why isn't the cover you are quoting for a full year?
All ex-Warner properties come into line with the June renewals, so all policies will run up to the 1st June, and then will be automatically renewed for a whole year running from  1stJune  to 31st May each year.


What payment methods are available to me?
Our brokers, Oval Insurance Group Limited will invoice the insurance premium, therefore all insurance payments should be made to them. For further details about the payment methods they offer please contact them on 08458 725 726.


How can I check the insurance covenant in my lease?
If you do not hold a copy of your lease, one can be obtained from your mortgage lender or Land Registry. Alternatively, you can order a copy of your lease from us for a fee of £95.00 (inc VAT). Please put your request in writing, enclosing a cheque made payable to "Freehold Managers (Nominees) Ltd".


How do I make a claim?
If you wish to make a claim on your building insurance, you will need to contact our insurance broker, Oval Insurance Group Limited, on 08458 725 729. If the claim is an emergency, and out of office hours, you will receive a voice mail message giving you a direct contact phone number for the insurance company, Zurich.


Do I need to sign anything?
No. The policy is held in the name of the Freeholder.

 

How do I get a copy of my insurance certificate and full policy wording, and what excesses are payable?
Copies of insurance certificates are held at our offices and are available on request by either telephone or in writing. Please note that certificates can only be issued once the premium has been paid. For a copy of the full policy wording and to find out what excesses are payable, please click here. (This link will take you to the applicable wording on the Oval Insurance Group Limited website. Adobe Acrobat reader is required.)


Will the insurance be affected if I sub-let my property?
If your lease allows letting, you will need to have the Freeholders' consent. This request should be put in writing to us and then a form will be sent out to you to complete and return to us with our prescribed fee. If your lease prohibits letting, then you will be fully covered under the block policy.


What if I sell my property and need a refund?
If you are selling your property, we would advise you to inform your solicitors about the insurance arrangements and they will be able to handle the matter.


What about contents insurance?
If you require contents insurance, we can arrange this for you. Please contact us in writing or by telephone to obtain a form.

 

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