Buildings Insurance for Right to Buy Leasehold Properties

This opportunity involves providing property insurance for buildings containing leasehold dwellings sold under Right to Buy (RTB) legislation. The Council retains freehold ownership and is responsible for arranging buildings insurance, with costs recharged to leaseholders through service charges. Properties include purpose-built flats and converted houses (maisonettes). The insurer will need to cover multiple blocks with mixed occupation—some units are leasehold (sold) while others remain Council-tenanted and are separately insured. Suppliers should note that insurance is required only for the leasehold portions of buildings. The contract covers the period through 2028.