Contract award · 11 Feb 2025

Buildings Insurance for Residential Leaseholders

Harrow Council awarded “Buildings Insurance for Residential Leaseholders” to Protector Insurance for £2.45m on 11 Feb 2025.

Financial & insurance servicesLondon

BuyerHarrow Council
Value £2.45m

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Harrow Council · Regional or local authority
Value
£2,447,444.65
Procedure
Open procedure
Sector
Financial & insurance services · Property insurance services (CPV 66515200)
Region
London
Timeline
  1. Contract date11 Feb 2025
  2. Published6 Mar 2025Published 23 days after the contract date

Description

The Council currently effects cover for 1,155 Right to Buy leasehold properties, however it is anticipated that this figure could increase by up to 2% by the commencement date of the contract. The number of properties to be insured may also decrease because leaseholders have the right to enfranchisement when the ratio of leaseholders to Council tenants reaches two thirds and at least 50% of the leaseholders wish to exercise this right. A revised property listing will be provided before the commencement of the contract. Properties are to be insured on a blanket basis, without selection, irrespective of location or previous claims history and inclusion under the policy will be automatic on completion of sale.

About the supplier

More from Harrow Council

All contracts

More won by Protector Insurance

All contracts

Recent financial & insurance services contracts

Sector overview