- 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
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.
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