Blocks of flats insurance

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

It is the freeholder who is normally required to insure the buildings for a block of flats. This could be a residents association or a property manager arranging on behalf of the freeholder.

The buildings insurance for a block 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 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 a block of flats should also include 'trace and access' cover. A block of flats insurance policy 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 block of flats policy cover this would not be covered and you could face considerable uninsured expense in locating the source of the damage.

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