Leasehold (RTB) Properties Insurance - Award Report
March 13, 2024 Director of Finance (Officer) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to ensure continuous insurance coverage for leasehold Right to Buy properties, a five-year contract (with a potential two-year extension) was awarded to Protector Insurance, effective April 1, 2024, with leaseholders responsible for a £100 policy excess (except for subsidence, which has a £1,000 excess).
Full council record
Content
1.
Noted and accepted the quote from Protector
Insurance (company registration number FC033034)
(“Protector”) for a 5 year policy (3 years Long Term
Agreement with the option of an extension for a further 2 periods
each of 12 months) commencing 1st April 2024.
2.
Noted that the contract is for an insurance policy
subject to a claim policy excess of £100 (all perils except
subsidence at £1,000) payable by leaseholders.
3.
Noted that the procurement for this contract was
completed via an Open Tender on the Council’s proactis portal
in accordance with the requirements of CSO 18.0 for Open Tendering
and in compliance with PCR 2015.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 13 Mar 2024 |
| Subject to call-in | Yes |