# Leasehold and Ancillary Properties Building Insurance

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

## Key facts

- Public buyer: [London Borough of Southwark](/buyers/london-borough-of-southwark/contract-awards)
- Contract winner: [Zurich Municipal](/contract-winners/zurich-municipal/public-sector-contract-awards)
- Award value: £21,000,000
- Tender value: £18,000,000
- Award date: 16 March 2018
- Published: 5 April 2018
- Contract start: 1 April 2018
- Contract end: 31 March 2023
- Stage: awarded
- Procurement category: services
- Notice ID: 05b3fc97-0d09-467a-bf59-0b67146da60f-209381
- OCID: ocds-b5fd17-81b7a7ef-f175-4037-8a42-8e9a4f99cfb1

## Description

The leaseholders and ancillary properties buildings insurance contract relates to flats and maisonettes sold by the council under long lease terms\. There are three separate policies within the contract covering: • The main policy where flats have been sold \(under the Right to Buy scheme or through other disposals e\.g\. auction sales, social home buy\) • A policy to insure under-leased blocks on a comprehensive basis \(there are currently three\) • A much smaller policy relating to mortgaged housing properties - currently 1 property - where the council is still providing a mortgage

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/05b3fc97-0d09-467a-bf59-0b67146da60f-209381)