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Premium for block insurance policy not reasonably incurred (COS v Nicholson)

Premium for block insurance policy not reasonably incurred (COS v Nicholson)
Published on: 09 October 2017
Published by: LexisPSL
  • Premium for block insurance policy not reasonably incurred (COS v Nicholson)
  • Original news
  • What are the practical implications of this case?
  • What is the law in this area?
  • What did the UT decide?
  • When is an insurance premium ‘reasonably incurred’?
  • How did this apply to insurance premiums?
  • What was the result in this case?
  • Case details

Article summary

Property analysis: The Upper Tribunal (Lands Chamber) (UT) has confirmed that the test for whether a service charge is reasonably incurred is two-stage; looking at outcome as well as process. In the context of insurance premiums, a landlord can obtain a block policy, but this must not result in a substantially higher premium for tenants without giving them any significant compensating advantages. or take a trial to read the full analysis.

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