There would be. But that is then up to the bank to arrange cover for their own securities.
If they commit any act or neglect an act which results in a detrimental impact on the Limited Company they are legally responsible..
Is there a common entrance/hallway/stairwell to the apartment block or has each apartment got its own door entrance. I looked into insuring individual apartments some months ago after a number of apartment owners refused to pay their management fees. We did find a policy from FBD I think it was that allowed this, but only if the apartments had their own entrances that excluded common hallways and stairwells.
Did the fire originate in an adjoining building seperate to the apartments, if so why was the claim against your own insurance ?
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