[MargaretR]

I doubt whether many of the residents of Pendle St actually had buildings insurance.
The population there is mainly of asian origin and they don't buy using conventional mortgages which would require such insurance.

Asian property purchases are made from their own equivalent of a person/persons who provide finance, similar to the Italian 'godfather' system.

PS - that is why an asian prospective buyer can offer you a 'cash sale'