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Tue 05 Sep 2017

Do we need terrorism insurance?

Do we need terrorism insurance?

Generally, standard property insurance cover on a block of flats does not automatically include damage caused by terrorism although in most cases, the cost to add terrorism insurance to a policy can be relatively low depending on the location of the block.

Terrorism insurance has become an increasingly contentious issue in service charge cases; in short, many leaseholders think it is unnecessary and simply serves to increase their service charges, but is that what the Tribunals think?

Read more from Yashmin Mistry, Property Practice Group leader, here.

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