Insurance

Within the policy the interest of freeholders, lessors, lessees, licensees, underlessees, assignees, mortgagees, financiers, lenders, receivers, tenants and occupiers are automatically noted under the ‘Other Interests’ clause, which should satisfy the requirements of lenders. Insurers do not issue individual endorsements or letters.

A building with many inhabitants/dwellings, each with their own water supply, means that the opportunity for a claim is much greater. Should water leak from one property it is likely that it will damage many others in the same block.

The costs of claims for multi occupancy properties are significantly higher and we expect premiums to be considerably more expensive than that to insure a single dwelling house.

Please contact our team of insurance professionals at insurance@homegroundonline.com or call us on 020 3966 2974.

HomeGround have an active role in the administration of the insurance program and often becomes the link between the broker and our customers. We employ a team of insurance professionals available to assist homeowners with any insurance matters.

HomeGround have agreed to undertake a number of activities/obligations on the behalf of the broker that under a more direct placement a broker or insurer would need complete. In return for this work we receive remuneration. This does not increase the cost of insurance. If HomeGround did not undertake these tasks, the cost would be incurred by the insurer or broker.