Blocks of flats.
Whether purpose built, conversions or traditional tenement style properties, insuring the entire property, under a Block policy, provides advantages including reduced premium rates due to the overall sum insured.
Subsequently, any loss or damage excess applies once rather than multiple times, which would be the case with separate policies.
Insurance for the common areas of the building can be included as standard and Property Owners Liability and cover for Alternative Accommodation are other benefits that are available too.
As well as protecting the property we can also arrange cover for statutory legal inspections of equipment such as passenger lifts. If your block of flats has a Management Committee in place you may wish to consider purchasing a Directors & Officer Liability policy which provides personal liability protection against claims which may arise from wrongful acts.