Contingent Buildings (CB)
This policy is also known as: ‘Defective Lease – Insurance Provisions’
Contingent Buildings insurance indemnity policy has been specifically designed for the situation where any part of the premises (the Premises) of which your flat (your Property) also forms part is damaged by the type of event against which your Property was insured at the date of commencement of this policy but insufficient funds are available under insurance in place in respect of the Premises to fully repair the Premises or to fully reflect any decrease in market value of the Property brought about by the damage.
For full terms, please see the Key Facts.
- Premiums from £140.00 incl. IPT
- ‘Instant’ cover for residential properties
- Up to £1m limit of indemnity
- Comprehensive cover including automatic 5% inflation clause per annum for 10 years
- Electronic policies and key facts
- Monthly statement and numerous payment options
- LOI can be increased at any point using our top-up policy
- BACS and cheques accepted