Buildings Insurance for Residential Leaseholders

Tender description

Harrow Council invites tenders for the provision of buildings insurance for residential leasehold properties sold under Right to Buy legislation. The current contract expires on 31st March 2020 and the Authority is therefore seeking tenders for the provision of buildings insurance for residential leasehold properties sold under Right to Buy legislation. The Council currently effects cover for 1,183 Right to Buy leasehold properties, however it is anticipated that this figure could increase by up to 2% by the commencement date of the contract. The number of properties to be insured may also decrease because leaseholders have the right to enfranchisement when the ratio of leaseholders to Council tenants reaches two thirds and at least 50% of the leaseholders wish to exercise this right. Properties are to be insured on a blanket basis, without selection, irrespective of location or previous claims history and inclusion under the policy will be automatic on completion of sale. To view the tender documents and apply, please visit www.londontenders.org