# Leasehold Right to Buy Insurance - AWARD

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Sandwell Metropolitan Borough Council](/buyers/sandwell-metropolitan-borough-council/contract-awards)
- Contract winner: [Zurich Insurance Plc](/contract-winners/zurich-insurance/public-sector-contract-awards)
- Award value: £527,000
- Tender value: £560,000
- Award date: 7 January 2021
- Published: 7 January 2021
- Contract start: 1 April 2021
- Contract end: 31 March 2026
- Stage: awarded
- Procurement category: services
- Notice ID: e8854468-e9c0-4fa6-8a45-094f25c72c4e-404377
- OCID: ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd

## Description

The current Long-Term Agreement expires on 1st April 2021, Sandwell Metropolitan Borough Council invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy \(RTB\) legislation Housing Act 1985\. The dwellings are flats in blocks and flats in houses \(maisonettes\) where the Council still retain the freehold ownership and the leases state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge\. Other flats in some blocks have not been sold \(Council tenanted\) and are separately insured so insurance cover for these flats are not required

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e-404377)