# 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: [Avid insurance services ltd](/contract-winners/avid-insurance-services/public-sector-contract-awards)
- Award value: £335,000
- Tender value: £335,000
- Award date: 5 March 2020
- Published: 23 March 2020
- Contract start: 1 April 2020
- Contract end: 31 March 2023
- Stage: awarded
- Procurement category: services
- Notice ID: 32bc997a-298e-485e-8ecb-77c1fff2e1c9-351110
- OCID: ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66

## 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 as part of the Service Charge\. 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

- [WBCS49 The Holt & Forest School](/contracts/ocds-b5fd17-3332524c-4ab2-4049-b450-8d2005563225): Wokingham Borough Council
- [WBCSEN238 - Addington Early Years](/contracts/ocds-b5fd17-686889c3-397f-43c1-a094-2c3092c5198e): Wokingham Borough Council
- [WBCSEN237 - Walter Infants School, SEND Resource](/contracts/ocds-b5fd17-15a3467a-a391-4157-a52c-fa6b0423273a): Wokingham Borough Council
- [Further Competition Under Insurance Placement DPS 1198 for Sandwell Metropolitan Borough Council and their appointed Insurance Broker - Marsh Limited](/contracts/ocds-b5fd17-ba90738f-5dbb-4d9e-be4d-56fddf989a03): Yorkshire Purchasing Organisation
- [Further Competition Under Insurance Placement DPS 1198 for Nottingham City Council and their appointed insurance broker - Griffiths & Armour\.](/contracts/ocds-b5fd17-54e48af4-1c6f-4506-9a19-31318e1f9b71): Yorkshire Purchasing Organisation
- [SPS 2521 - Leasehold \(RTB\) Properties Insurance](/contracts/ocds-b5fd17-cb16a1b0-b4aa-4a82-addc-ad0176f178a8): Royal Borough of Greenwich

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/32bc997a-298e-485e-8ecb-77c1fff2e1c9-351110)