Leasehold Property Insurance – who insures what?

The lease usually requires the landlord to take out enough insurance for the building and its communal parts.

This will give the landlord the right to recover the cost of the premium through the service charges or as a separate charge forming part of the ground rent.

This policy does not normally cover contents or possessions of individual leaseholder’s flats.

Leaseholders who own flats within a building will still need to purchase contents insurance.