FAQ questions 5 - 9
Why do we have common insurance? Can we not all just do our own thing?
By having a block policy we can ensure that all parts are covered, in case of a major claim such as a fire or a flood. Additional benefits are that it would all be dealt with as one claim, with one excess payment and under one loss adjuster / contractor. It also normally works out cheaper for everyone.
Do you get commission for this from the insurance company?
Yes we do, there is a considerable amount of work required in order to comply with FSA regulations and the management of claims is an extensive process.
Are contractors directly employed by you?
No most companies operate an approved list of contractors where there is a strict criteria that they have to work to provide a good level of service and value for money for our clients
Do you get a commission for this?
No contrary to popular belief we don't derive any benefit from the employing of contractors.
How do we cancel your contract?
Refer to your deed of conditions for guidance. It may that there is a requirement to call a meeting or a simple majority of the owners may be sufficient. Always make sure you have made plans to have a reputable manager in place before terminating the contract.
