Provision of Leasehold Right to Buy Property Insurance for London Borough of Newham
Awarded 31 Mar 2023
About
London Borough of Newham awarded a contract to Protector Insurance for the provision of leasehold Right to Buy (RTB) property insurance covering approximately 6,000 private dwellings sold on a leasehold basis, with a total sum insured of £1 billion.
The portfolio consists of flats in blocks and maisonettes where the Council retains freehold ownership and arranges buildings insurance on behalf of leaseholders, recharging premiums via service charges.
The contract value is £12,831,466.25.
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