Building Insurance: Who Pays in Flats, Houses and Rentals?

In short: If you own a freehold house, you arrange buildings insurance. In a block of leasehold flats, the freeholder or management company usually insures the whole building and recharges the cost to leaseholders through the service charge. Landlords are responsible for buildings insurance on homes they let; tenants only need their own contents insurance if they want it. Leaseholders have rights to see the policy and challenge unreasonable premiums. Fraser Bond manages blocks and lets homes across London.