Solitaire / Peverel and the Perfectly Legal Insurance Scam
By admin | February 14th, 2010 | Category: Past Articles | 6 commentsFollowing on from yesterday’s post in regards to the ‘Major Victory in Largest LVT Case Brought in Britain‘.
We have read many contributors comments advising that their estate / development insurance policy is with Zurich, which has been organised via Oval Insurance Ltd, on behalf of Peverel / Solitaire.
In the past we have also obtained competitive quotes and been able to reduce the ‘Peverel / Solitaire’ policy, only for them to ignore our requests and be advised that the policy in place warrants the fees! Despite the policies being identical and thousands of pounds cheaper!
Therefore, TheTruthAboutSolitaire’s campaign continues and we are proposing that those residents who are lucky enough to have a copy of their insurance certificate and details your policy premium, feel free to forward it through to us.
We will, on your behalf contact a broker who has experience of Solitaire / Peverel’s practices and will provide you with a competitive quote. We will then publish the amounts that Peverel are charging and how much we can reduce your policy and endeavour to ‘embarass’ Peverel / Solitaire into admitting that they are overcharging.
If the residents of ‘City Heights’ are to be re-imbursed £187, 573.53, just think how much more money Solitaire / Peverel have been able to profit from these commissions?
TheTruthAboutSolitaire has previously highlighted commissions that were being paid to Peverel / Solitaire, which ‘Andy’ kindly advised us was not the case – yet another example of residents being lied too.
Admin
Our insurance lapses on March 3rd and I sourced three quotes all very similar in cost and all with Directors cover (not on Ovals/Zurichs policy). They were all around £1100-£1200.
Last week we recieved a renewal quote from Oval for some £3700!!!!!!!!!!!
We have settled for a quote from Lansdown insurance in Cheltenham who were very knowledgeable and helpful.
One word of caution please ensure your rebuild cost is accurate as Solitaire could not confirm to us when this was assessed. It would be advisable to employ a local chartered suveyor to get an accurate price.
I believe this is then increased by inflation every year on your subsequent re-quote.
A good site to visit is http://www.selcha.com
Please find our last policy here:
http://crusaderhouse.co.uk/insurance-crusaderhouse2009.pdf
Question about insurance: I requested insurance certificate for my property. Strangely it is not for a year, but for 8 months. When the premium is increased proportionately to 12 months, it matches perfectly the insurance charge on my statement. So apparently no surcharge. But nowhere does it state on the certificate when it was issued. I smell a rat here. Does anyone else have experience of this?
Just gone through our historic insurance policies – we are indeed one of the ‘Fortune 500′ sites with Zurich policies placed by Oval, subject to the same arrangements exposed by the City Heights LVT. I feel a letter coming on.
Insurance Scam of the century or what!!!!!!!!!
In my opinion we pay, the leaseholders, 3 times to different parties with added benefits for OM paid for the building insurance policy.
1.Oval Commission
2.Kingsborough Commission
3.The Management Company Service Charge Commission which in our case OM charges 15% plus vat on the expenditure. Higher the premuium more for OM pockets.
Benefits for OM in our Norwich Union Policy:
1.Any court case appearance OM staff gets fee is £250 per day. Lengthy the case and more witness to appear more for the staff pockets.
2.The legal fees (solicitors, barrister) fees will be paid out of the policy.
3.If OM proven negligence and damages awarded which is insured and will be paid out of the policy.
4.If anything is not fully insured, I think it comes out of service charge fund.
5.I think OM also insured £25,000,000 for new developments in the insurance policy. I fail to see how that is benefiting us in any shape or form that we were made to pay the premium.
Our Benefits in the policy are:
1.Any claim we will have like for like or lesser value but never higher valve. So that gives OM permission to provide sub standard replacement goods and service. There is evidence that the contractors often over charge and being signed off prior to our knowledge, who are responsible for causing further damage which is simply ignored by Management Company.
2.If the property is inhabitable then the accommodation will be provided similar or below standard but never upgraded.
3.If there is a court case then we, the leaseholders have to fund the whole case and suffer losses from our pocket to fight against the accountants, solicitors and barristers of the Management Company, who we pay to insure to be funded out of the policy to fight against us. If coperate world does not support the leaseholder then the chance of winning is nil and no one to turn to recover the losses either. I am one of them who is still suffering and losing and believe LVT meditation offered will not help me fully and have to be a court case to get full justice. LVT powers are limited.
Our policy was changed, a copy was forwarded to me by the Company Secretary and Director of OM where the scope benefitting the leaseholder was reduced further. It was picked up by the freeholder. After that no policy has been sent to me by OM.That was in 2007.
Isn’t it the landlord can be fined £4000 if failing to provide a copy of the insurance policy within a month?
Who would like to award ……….!!!!!!!!!!!