--- title: "Residential Leasehold, shared ownership & mortgaged properties insurance scheme" ocid: "ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON BOROUGH OF HILLINGDON" published: "2018-10-05" --- # Residential Leasehold, shared ownership & mortgaged properties insurance scheme Buyer: LONDON BOROUGH OF HILLINGDON Current stage: Tender OCID: ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9.json) ## Summary The London Borough of Hillingdon is currently seeking a qualified insurance scheme provider for a Residential Leasehold, Shared Ownership and Mortgaged Properties Insurance Scheme. This procurement falls under the category of property insurance services and is part of the open procurement method, allowing for competitive offers. The tender document was published on 5th October 2018, and the deadline for submissions is set for 5th November 2018. The contract is projected to commence on 1st April 2019 and will last until 31st March 2022, covering residential properties within the London Borough of Hillingdon. This tender presents a significant opportunity for insurance companies experienced in managing residential property schemes. Businesses specialised in property insurance services, particularly those that can provide comprehensive coverage and effective claims handling, would be well-suited to participate. With a total contract value of £1.4 million, firms that offer flexibility in underwriting and efficient policy administration will likely find advantageous positions in this procurement process. ## 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 Additional information: Full suite of tender documents can be found on www.capitalesourcing.com ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3d9f46e2-abcb-4976-97d4-af1049d14681 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Oct 2018 | | Submission deadline | 5 Nov 2018 | | Future notice date | Not specified | | Award date | Not specified | | 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 | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | 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 | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66515200 - Property insurance services ## Release History - 5 Oct 2018 at 15:29 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3d9f46e2-abcb-4976-97d4-af1049d14681 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/3d9f46e2-abcb-4976-97d4-af1049d14681 5th October 2018 - Opportunity 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-f8e544ff-d402-489b-85a6-bc77969914d9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f8e544ff-d402-489b-85a6-bc77969914d9.json.