Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

Descriptions

The Contracting Authority is tendering their Right to Buy (RTB) Leasehold Buildings Insurance inline with public procurement legislation in time for renewal on 1 April 2023.The insurance policy seeks to cover private dwellings sold on a leasehold basis, the majority ofwhich were sold under the RTB legislation. The dwellings are flats in blocks, flats in houses(maisonettes) and houses where the Contracting Authority still retains the freehold ownership(including those referred to as mortgaged properties). In these situations the leases state that theContracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of theLeaseholder and recharge the cost to do so. Where units in some blocks have not been sold(Council tenanted) they are separately covered and so insurance cover for these units is notrequired.