I have just got my first flat. Do I need buildings and contents insurance or just contents?

Asked by cadmussan

1 Answer

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Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Your flat is probably a leasehold flat and you will pay an annual management charge. The management charge should include a cost for buildings insurance. When you bought the flat, your solicitor should have requested details of the insurance, but, if not I suggest you ask for a copy. As such you would only need contents cover.

In the unlikely event that the management charge does not provide buildings cover, or I your flat is freehold, then you will need to take out buildings insurance too. | 10.20.12 @ 06:12
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$commenter.renderDisplayableName() — {comment} | 08.17.17 @ 03:57
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Answered by

Paul Skinner
Paul Skinner, IFA in Odiham, HAMPSHIRE

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