Where the Council is the freeholder of a
building and has sold residential properties under a long lease it
is required under the terms of the individual leases to insure the
property for buildings insurance purposes. The current leasehold
buildings insurance ends on the 31st March 2016 and this report
summarises the procurement process and suggested changes to the
current policy cover including differentiation of rating between
owner occupiers and those who sublet; and enhanced cover for all
leaseholders whilst achieving premium savings for all
leaseholders
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 05/02/2016
Report access: Open;
Decision due: 7 Mar 2016 by Cabinet
Lead member: Cabinet Member for Housing and Homelessness
Department: The Economy department
Contact: Kathleen Corbett Email: Kathleen.Corbett@lbhf.gov.uk Tel: 020 8753 3031.