Provision of Residential Leasehold Buildings Insurance for London Borough of Hillingdon
Awarded 31 Mar 2019
About
London Borough of Hillingdon awarded a contract to Avid Insurance Services Limited for residential leasehold, shared ownership, and mortgaged properties insurance.
The contract, valued at £1,801,080, covers material damage under an 'All Risks' basis for accidental physical loss or damage to communal parts, with each residential building treated as a separate policy.
The insurance scheme includes automatic interests of freeholders, head lessees, owners, lessees, and mortgagees, and requires policy documentation and a flexible underwriting approach.
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