# Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Wokingham Borough Council](/buyers/wokingham-borough-council/contract-awards)
- Contract winner: Aspen Insurance UK Limtied
- Award value: £395,766
- Tender value: £575,000
- Award date: 19 March 2024
- Published: 19 March 2024
- Contract start: 1 April 2024
- Contract end: 31 March 2027
- Stage: awarded
- Procurement category: services
- Notice ID: 54ce186f-c7d8-4eea-8c72-19c56963a1f5-733368
- OCID: ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e

## Description

Wokingham Borough Council invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy \(RTB\) legislation\. The dwellings are flats in blocks and flats in houses \(maisonettes\) where the Council still retain the freehold ownership and the leases state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium\. Other flats in some blocks have not been sold \(Council tenanted\) and are separately insured so insurance cover for these flats are not required\. In addition there are a small number of shared ownership properties, being a mix of houses, maisonettes and flats\.

## Related contract awards

- [WBCP88 All Saints School](/contracts/ocds-b5fd17-d6e01a6d-05ef-4560-b72a-cdb28acae05e): Wokingham Borough Council
- [WBCSENOB367 Henley College](/contracts/ocds-b5fd17-9df76f5d-884e-4cac-8e4b-66080c519865): Wokingham Borough Council
- [WBCSENOB368 - Oaklands Independent School](/contracts/ocds-b5fd17-66deef2c-42cf-424f-8a51-e667f851ade8): Wokingham Borough Council
- [INVITATION TO TENDER FOR PROPERTY INSURANCE QUOTATIONS IN RESPECT OF LEASEHOLD FLATS AND SHARED OWNERSHIP PROPERTIES EXCLUDING BROKER SERVICES](/contracts/ocds-b5fd17-2eefb7b3-5954-40fa-83fb-b4926881e371): London Borough of Hounslow

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/54ce186f-c7d8-4eea-8c72-19c56963a1f5-733368)