---
title: "Residential Leasehold, shared ownership & mortgaged properties insurance scheme"
ocid: "ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF HILLINGDON"
published: "2019-07-26"
---

# Residential Leasehold, shared ownership & mortgaged properties insurance scheme

Buyer: LONDON BOROUGH OF HILLINGDON  
Current stage: Award  
OCID: ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f

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## Summary

The London Borough of Hillingdon is seeking a competent insurance scheme provider for its "Residential Leasehold, shared ownership & mortgaged properties insurance scheme." The procurement process, currently at the Award stage, has a total contract value of £1,401,000 and relates to Property insurance services within the insurance industry. Key dates include the contract period starting on 1st April 2019 and ending on 31st March 2022, with the tender period having concluded on 15th October 2018. The service locations predominantly cover the residential properties within the London Borough of Hillingdon.

This tender presents significant business opportunities, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that specialise in property insurance and claims handling. Given the detailed requirements for material damage cover and the management of various types of residential properties, companies with experience in comprehensive insurance services tailored to communal living arrangements would be well-suited to compete. Potential bidders should consider demonstrating their capability in flexible underwriting and ease of administration to align with the Council's expectations.

## Notice

The London Borough of Hillingdon are seeking a suitable qualified and competent insurance scheme provider for residential leasehold, shared ownership and mortgaged properties Each of the Residential Buildings insured will be treated as if it is insured by a separate policy. The Council has a financial/insurable interest in these properties, in most cases as the freeholder. A standard clause in all the leases imposes a responsibility upon the Council to arrange the buildings insurance. The insurance cover is required for Communal Parts - Tenderers need to be aware that leaseholders are responsible, under the terms of their lease, for contributing to the cost of communal/shared works to deal with insured perils, and that this responsibility should be reflected in the buildings insurance arrangements. It is desirable that the Policy should not be subject to Average. Copies of policy wording, examples of policy booklets/schedules for circulation at inception of scheme and annual summary of cover documentation should be provided and a flexible approach to underwriting is desirable. Ease of Administration is desirable, such as the requirements for declarations and the notifications of new properties. The policy operates with a common renewal date. COVER REQUIREMENTS Insured: London Borough of Hillingdon and their respective leaseholders and/or freeholders and/or part owners. Automatic interest of the freeholder and the head lessee of the residential property (if they are not the policyholder), the owner or lessee of each residential property and the mortgagee of any of them are deemed to be automatically noted. Covering: Residential Leasehold Properties, Shared Ownership and Mortgaged Properties in London Borough of Hillingdon and Freeholders with a London Borough of Hillingdon Mortgage. SUMMARY OF COVER REQUIRED A. Insurance and Claims handling in respect of: - Material Damage cover for 'All Risks' of accidental physical loss or damage to the properties insured, including Terrorism. - Loss of Rent /Alternative accommodation - Property Owners Liability - Limit of indemnity PS5,000,000 - Legal Expenses - Limit of indemnity PS10,000 - Claims Handling arrangements B.Material Damage For any Leasehold, Mortgaged or Equity Share residential/and or commercial property including the landlord's contents and common parts. Buildings Perils: - Full detailed requirements in the Specification

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d02976ec-d4c7-4ae2-88cd-4295dcceba89 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Jul 2019 |
| Submission deadline | 15 Oct 2018 |
| Future notice date | Not specified |
| Award date | 21 Dec 2018 |
| Contract period | 31 Mar 2019 - 31 Mar 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,400,000 |
| Lots value | Not specified |
| Awards value | £1,801,080 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF HILLINGDON |
| Locality | UXBRIDGE |
| Post town | Southall |
| Postcode | UB8 1UW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI7 Outer London - West and North West |
| ITL 3 | TLI74 Harrow and Hillingdon |
| Local authority | Hillingdon |
| Electoral ward | Uxbridge |
| Westminster constituency | Uxbridge and South Ruislip |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVID INSURANCE SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515200 - Property insurance services

## Release History

- 26 Jul 2019 at 13:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d02976ec-d4c7-4ae2-88cd-4295dcceba89

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d02976ec-d4c7-4ae2-88cd-4295dcceba89
  26th July 2019 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e87e6d39-1417-4baa-bf93-3b55232bc85f.json.