Issue details

KD 5584 - Leasehold Right to buy buildings insurance

Buildings insurance cover for all leasehold properties is provided by Avid Insurance Services Ltd. Avid have given notice that they have been unable to secure their own insurance cover from 24/03/23, which will result in no buildings insurance cover for all leasehold properties. The council is exploring whether other alternative insurers are able to provide cover or the possibility of self insurance.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 23/01/2023

Decision due: 25 Feb 2023 by Cabinet Member for Finance & Procurement

Department: Chief Executive's Department

Contact: Kay Osborne, Insurance Manager Email: Tel: 0208 379 1476.



Part 1 & 2 (Para 3): Part 1 & 2 (Para 3)