Buildings Insurance & What Conveyancers Should Know

Introduction

Acting for clients buying and selling properties, whether residential or commercial, involves many investigations and searches. Sometimes overlooked can be the question of Buildings Insurance which, as with every other aspect of conveyancing, incurs ever widening pitfalls and responsibilities.

This webinar will examine some of the basic elements and the problems clients and practitioners may well come across in practice.

What You Will Learn

This webinar will cover the following:

• When does the buyer need to insure the property being purchased and why is the buyer required to insure the property between exchange and completion?
• What happens to the seller’s insurance?
• Are there any exceptions?
• The Standard Conditions of Sale 5.1.1
• UK Finance Handbook - what does it say about insurance?
• Financial Conduct Authority attitude and increasing numbers of leaseholder complaints about insurance premiums
• Possible rejection of a claim owing to the property being regarded as unoccupied
• If the property is in joint names does insurance by one party comply with the covenant to insure?
• If renovation work is being carried out at the insured premises can an Insurance Company refuse to pay out a claim?
• The Leasehold and Freehold Reform Act 2024 still largely awaiting to be fully implemented and what it means for Landlord’s Insurance Commission
• Can the leaseholder of a house arrange a buildings insurance policy other than as directed by the landlord? Commonhold and Leasehold Reform Act 2002
• The Building Safety Act 2022 and possible insurance ramifications

This pre-recorded webinar will be available to view from Wednesday 17th December 2025

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.