A tenement or block o flats is ae biggin awned by mony fowk. Whaur the awners want it, we arrange a single buildins insurance policy for the hale property, tendered ilka year throu an independent broker — sae that the ruif, the waws an the common pairts is covered as ane, an ilka awner's share is clear.
We dinna sell insurance an we dinna hae a policy o “oor ain”. The common policy for yer biggin is placed throu J C Roxburgh (Insurance Brokers) Ltd, an independent insurance broker, that pits the cover oot tae the mercat ilka year sae that awners keep fu cover at the best price available. Ilka year ilka awner gets a schedule shawin the sum insured, the premium an their share o it.
Awners is never obliged tae tak the common policy. If the maist o the awners wad raither insure individually, that's their decision. Whaur a common policy is in place we provide aw the information yer lender needs — ye'll no pey twice.
Some factors earn commission fae the insurance they arrange. We dinna. Oor broker confirms in writin that Walker Sandford gets nae commission, fee, rebate, introducer peyment, profit share or ony ither kind o remuneration in connection wi the placement or renewal o yer policy. Awners, lenders an auditors can rely on the letter.
Doonload the broker's confirmation (PDF, in English)
Ilka buildins policy cairies a condition cried the average clause. Pit simply: if a biggin is insured for less than it wad cost tae rebuild, the insurer can cut ony claim peyment in the same proportion. Insure a biggin for hauf its rebuild cost an a claim micht be peyed at hauf — hou-ever smaw the claim.
The ae protection is tae insure for the richt amoont, an the ae reliable wey tae ken that amoont is a professional rebuild-cost assessment by a RICS-regulatit surveyor. Oor broker's short flyer explains the clause in plain terms an hou tae pit it richt.
Doonload the average clause explained (PDF, in English)