Find buildings insurance for flats with leasehold by comparing cover through MoneySuperMarket. Discover all you need to know here.. Do leaseholders need building insurance? Buildings insurance is usually compulsory if you have a mortgage. Your lender will require you to have it as a condition of the loan. Aside from this, your responsibilities differ depending on whether you own a leasehold flat or house.
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Do I need building insurance for a leasehold flat? Legally, you don't have to have buildings insurance for flats with leasehold contracts, but the majority of them will have their building insurance covered by the freeholder.. What insurance do I need for a leasehold flat? While the buildings insurance arranged by the freeholder covers the structure of the building, it doesn't protect your personal belongings. That's where contents insurance comes in.