Q. Why do I pay an insurance premium?
Answer:
Leases usually dictate that the building be insured as a whole and the cost included in your annual Service Charges. This, therefore, insures all parts of the property are insured. Contents of the individual flats should be insured by the flat owner.
RETURN TO FAQ’sOther Service Charge & Ground Rent questions
- What happens if I cannot afford to pay my service charge?
- Can I have a satellite dish?
- Why is my Service Charge higher than my neighbour or the building down the road?
- What do I do if the wrong name is on my service charge invoices?
- What has happened to the Service Charge that I paid to the developer when I bought my home?
- My property is empty, why do I have to pay?
- What is the Management Fee?
- What is the Sinking Fund and Redecoration Fund?
- Why do I have to pay Service Charge when I live in a Freehold House?
- How do I know what Hillcrest is spending my Service Charge on?
- When will Hillcrest start charging me my Service Charge?
- Why has my Service Charge increased?
- How can I pay my Service Charge or Ground Rent?
- Why do I have to pay Ground Rent?
- What is Service Charge?
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