Hacking and paterson Insurance Services

Hacking and Paterson Insurance services.

Hacking & Paterson have been pioneers in Scotland in the development and introduction of Common Insurance Policies for blocks of flats, avoiding the pitfalls which may arise when this vital cover is left to be arranged individually by owners with disparate requirements.

Among the benefits to be derived from participation in a common comprehensive building insurance policy, are:

• The reassurance to all owners that the complete building which they share has adequate insurance cover, permitting them to cancel any private top up insurances they may have arranged.

• Avoiding a situation where, if flats are insured individually and one or more owner may be grossly underinsured, a serious shortfall of funds could arise, potentially jeopardising the reinstatement of the building after a major loss, e.g. fire damage, flood etc.