Flat / Maisonette Indemnity

The Flat / Maisonette indemnity policy provides cover when the seller of a single private flat or maisonette has confirmed that there have not been any problems with repairs and maintenance or the payment for them but may be unable to enforce necessary repairs to other parts of the building or obtain appropriate maintenance contributions from other tenants because:

  • the lease is defective
  • the landlord cannot be traced, or
  • the landlord has no obligation to take over the responsibilities of a management company that fails to perform its duties.

 

Full Key Facts can be viewed by clicking here.

Key Features and Benefits

If the flat owner is unable to enforce the repair of some other part of the building needed for the protection of the flat or obtain reimbursement or contributions towards such repair from other owners due to the absence of the landlord or the inadequacy of the repairing provisions in the lease, the policy provides cover for the following, up to your selected limit of indemnity (not exceeding £2.5 million*):

  • the reduction in the value of the property
  • irrecoverable costs of repair and maintenance to some other part of the building
  • costs and expenses incurred with our consent.

The policy automatically covers subsequent owners of the property and mortgage lenders, and remains in force from the day you issue it without any time limit. 

This ‘At a Glance’ description of cover does not set out the full terms and conditions of cover or the exceptions and limitations which apply to the policy, all of which can be found in the policy document. Please also refer to the Key Facts policy summary.
* For additional cover and higher limits of indemnity, see Bespoke Policies. 

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