Blocks of flats insurance

Buildings insurance quote for residential blocks of flats or apartments available from a number of major insurers. We will obtain a comparative insurance quote for your blocks of flats to ensure a competitive price.

Freeholder of blocks of flats are normally required to arrange the blocks of flats buildings insurance. This could be a residents association or a property manager arranging on behalf of the freeholder of the blocks of flats.

The buildings insurance for blocks of flats will normally include a provision for loss of rent or alternative accomodation. Typically this is 20% of the building sum insured and is a sum that allows a leaseholder to find alternative accomodation should the flat or apartment within the blocks become uninhabitable due to a buildings claim. Remember that this cover does not provide for loss of rent for a leaseholder who has let out their flat. They should make their own arrangements for loss of rent insurance.

Ideally a building insurance policy for blocks of flats should also include 'trace and access' cover. Blocks of flats insurance policies will normally only pay for actual damage resultant from the leak. In the case of water leaks it is sometimes necessary to create further damage to discover the source of the leak. Without 'trace and access' in the blocks of flats insurance policy this would not be covered and you could face considerable uninsured expense in locating the source of the damage.

Terrorism cover is not automatically included for blocks of flats insurance but a quote can be obtained for terrorism cover. You will need to determine if this cover is desirable or a requirement of any interested party such as a mortgagee.

We can help to obtain the right cover and price for your block of flats whether you be a managing agent, residents association or a private landlord.

If you the landlord of an individual flat within a block of flats or own a house for letting then you can obtain a quote for buildings and contents online from this site.

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