Leasehold Buildings Insurance Schedule Explained

Who this is for

Buyers and advisers reviewing the insurance part of a leasehold management pack.

Why it matters

For flats, building insurance is usually arranged for the structure and common parts. Buyers still need to understand what the schedule covers, what it excludes, what excesses apply and how the premium is recovered through service charges.

What to check first

• Confirm the policy period, insured building, insurer and policy number.
• Check whether the schedule covers the correct block and common parts.
• Record the premium, excesses, exclusions and endorsements.
• Check whether the LPE1 summary matches the schedule.
• Ask for claims history or renewal explanation where terms look unusual.

Red flags in the pack

• Schedule is missing or expired.
• Premium shown without allocation method.
• High excesses for water, subsidence or fire-related claims.
• Endorsements or exclusions not explained.
• Policy address does not clearly match the property/block.

Evidence to gather

• Current policy schedule and certificate.
• Premium invoice and allocation calculation.
• Claims history or renewal notes.
• LPE1 insurance replies.
• Any fire/building-safety correspondence affecting policy terms.

Questions to send

• Please confirm the current policy schedule for the block and the buyer's allocated premium.
• What excesses apply by claim category?
• Have there been any material claims or renewal restrictions?
• Does the policy include any endorsements linked to building safety or known defects?

How LeaseLens uses this

LeaseLens reads policy schedules and flags missing, expired or high-excess insurance evidence for follow-up.

Official context

• LEASE: buildings insurance
• LEASE: fire safety

Caution

This is an informational screening guide only. It is not legal advice, does not interpret your lease for you, and does not replace advice from a qualified conveyancer or solicitor.