Decision details
Leasehold Property Insurance
PDF 65 KBDecision Maker: Officer Decision Making
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To consider the report of the Service Lead Risk, Insurance and Audit seeking approval from the Service Director, Finance and Commercialisation for the selection and appointment of a new insurance provider for leasehold property insurance from 1st April 2019.
Decision:
(i) To approve the appointment of a new contract for the provision of leasehold flats buildings insurance from 1st April 2019.
(ii) That the Chief Financial Officer selects the most appropriate insurance provider based on an evaluation of the responses received to the tender in terms of price and quality.
Reasons for the decision:
1. To ensure continuity of cover in respect of buildings insurance for those individual flats that are insured via the council in accordance with the terms of the lease.
2. To ensure that the Council meets its’ obligation in terms of arranging buildings insurance on behalf of leaseholders.
Alternative options considered:
No alternative options have been considered.
Report author: Peter Rogers
Publication date: 30/07/2018
Date of decision: 30/07/2018
Decided at meeting: 30/07/2018 - Officer Decision Making
Effective from: 08/08/2018
Accompanying Documents: