The home of Ormsby (Freehold) Ltd  

Ormsby (Freehold) Ltd is responsible under Clause 7 of the 4th Schedule of the lease for keeping the main structures of the block insured to their full reinstatement value. Insurance cover is currently provided by NIG plc. A supplementary policy providing cover in the event of acts attributed to terrorist activity is held with Lancashire Insurance Co (UK) Ltd. Our brokers and claims handlers are:

      A J Gallagher
      100 Holdenhurst Road
      Bournemouth
      BH8 8AQ

The property was surveyed in 2006 to reassess the full reinstatement value. The assessed value at that time was £3,537,916. Since 2006 this value has been updated in line with buildings sector inflation indexes and the current rebuilding value stands at £8,476,286. The total sum insured currently stands at £12,714,429. The policy is renewable annually in November. The premium paid for November 2024 was £7199.90 equating to approximately £300 per flat. The premium is included in the service charge

​​

​​