Building Insurance - leasehold

[Binty]

I've just bought a leasehold flat in London and the managing agents don't charge any yearly fee, just ground rent and share of buildings insurance. It's a terraced Victorian house, I have upstairs and there's one other owner downstairs. Rebuild costs are approximately �150k and they've charged �350 for a year's insurance. It seemed pricey to me, so I asked for a copy of the schedule with the premium on it - the agent said he couldn't show me the premium as it's part of a portfolio of property. I have 2 questions: Is he legally bound to prove the cost, and does it seem expensive?

[alfiebrady]

I've been quoted about �600/year premium for rebuild cost of �356k. Depends on your property, though. You could get some quotes yourself for comparison.

Don't know about the legal obligations - but do you know how your share has been calculated?