Generally, standard property insurance cover on a block of flats does not automatically include damage caused by terrorism although in most cases, the cost to add terrorism insurance to a policy can be relatively low depending on the location of the block.
Terrorism insurance has become an increasingly contentious issue in service charge cases; in short, many leaseholders think it is unnecessary and simply serves to increase their service charges, but is that what the Tribunals think?
Read more from Yashmin Mistry, Property Practice Group leader,
