Global Courant
Online daily insurers typically do not offer a bespoke coach house policy as the insurance world has been rather slow in adopting these properties being built at such a rate. You can’t buy it online – unless you can find a specialist and you can’t buy it from mainstream providers like Direct Line, Churchill’s, More Than etc. as it stands – 30/08/2017. It is a niche product and requires a specialist insurance provider.
Why? This is simply due to the liability of any garages accruing to the property to be insured, which is leased to a leaseholder who lives nearby. There are complex liability issues that most insurers are not interested in and therefore will not offer insurance.
The Freeholder must insure the garages if they form part of the Title Deed of the property – otherwise in the event of a claim (fire for example) the property will not be able to be rebuilt if the garages which form the foundation and base of the building are destroyed. not covered by the policy. You can’t pass out a coach house as a flat – because it isn’t one and you’re falsely insuring your property – again this would mean any claims will be rejected because you haven’t insured your property honestly and in good faith.
Coach house insurance is therefore a niche product and not as widely available – but it is there! You must insure the property as a carriage house, and any garages listed on the property’s title deeds must be listed on the Building Insurance Schedule.
When you first buy your coach house, your solicitor should bring this to your attention to ensure that the property is properly and adequately insured and covers your legal obligations to the leaseholder of any garages. You should be advised of your legal responsibilities to all leaseholders and the fact that you are required to insure their garage as part of your property. Of course you do not insure the contents, but you must insure the structure of the entire building.
Provided you insure the entire building, all valid claims made will be honored and your legal liability will be protected. Considering that carriage house insurance is typically inexpensive – it’s worth getting it right. The premium is expected to be higher than a ‘regular’ home insurance – but that is not the case.
Where can I buy coach house insurance?
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