We have access to a range of policies that can provide cover for almost all types of properties from converted warehouses to tenements and other purpose built blocks of flats.
There are several advantages to arranging your cover on a Block basis, not least because the total sum insured is usually at a level where the premium may be discounted for its size. In addition, in the event of such a loss, the Subsidence Excess (usually £1,000), is applied once to the block of flats rather than to each individual flat that suffers damage.
As the policy is covering residential property, the cover is usually fairly similar to that provided under a Household policy – Buildings, Property Owners Liability, Loss of Rent/Alternative Accommodation following a loss. There is usually an option to cover Contents in Communal areas, and sometimes an Engineering section to cover the Statutory Inspection of any passenger lifts. Directors & Officers Liability cover may also be available for the protection of the Management Committee of the Resident’s Association.
For further information or advice about Block of Flats insurance or to get a quote, please contact us