Hi,
I am the owner of 1 apartment in a building of 4 apartments & 1 commercial unit.
Our building was nearly burnt down by a fire in an adjacent building and suffered 20k worth of damage. This was claimed off of our insurance company, Aviva and the works completed by the original builders, who are also directors of the Management company.
They have since let the policy lapse on the insurance 3 months ago. We appealed to them to re-instate the policy, which they are acting on, but they are having difficulty in doing so.
No other insurer will quote for the property.
What are our options as apartment owners?
Is there an insurer of last resort?
I am the owner of 1 apartment in a building of 4 apartments & 1 commercial unit.
Our building was nearly burnt down by a fire in an adjacent building and suffered 20k worth of damage. This was claimed off of our insurance company, Aviva and the works completed by the original builders, who are also directors of the Management company.
They have since let the policy lapse on the insurance 3 months ago. We appealed to them to re-instate the policy, which they are acting on, but they are having difficulty in doing so.
No other insurer will quote for the property.
What are our options as apartment owners?
Is there an insurer of last resort?