Block of Flats Insurance with iInsure365 for Leaseholders
iInsure365 arrange building insurance for blocks of flats, providing dedicated block of flats insurance. We understand the distinct requirements of these properties and can arrange cover for:
- Purpose-built blocks and converted properties
- Owner-occupied blocks and rented flats
We can also advise on related needs such as landlord insurance and, where appropriate, rent guarantee options for landlords within a block.
Why is iInsure365 different from a managing agent?
Our goal is to make insuring a block of flats as simple, straightforward and cost-effective as possible.
Block of flats insurance is often arranged through third parties, where several parties may take a share of the premium as commission. We operate differently: we deal directly and don’t pay commission to managing agents.
How we keep cover competitive
We work with a wide range of insurers to help secure strong terms and competitive pricing. Insurers’ underwriting criteria for blocks of flats can change, so having access to multiple markets helps us find suitable cover at a reasonable cost.
Do iInsure365 deal with managing agents directly?
No. We’ve made a point not to work with managing agents. We’re transparent about our fees and are happy to disclose them on request.
Many leaseholders aren’t aware that managing agents may earn commission. Where commissions are added into the overall cost, premiums can increase. Our approach is to keep the process direct and clear.
What is the Insurance Act 2015?
The Insurance Act 2015 updated the law on disclosure and misrepresentation. It requires insured parties to disclose every circumstance they know (or ought to know) that would influence an insurer’s decision about whether to offer cover and on what terms.
If the insured breaches the duty of fair presentation, the insurer may have remedies — including cancelling the policy — particularly where a breach is deliberate or reckless.
How does the Insurance Act 2015 affect leaseholders?
The Act introduced a clearer duty of fair presentation. In practice, this encourages more active engagement, with insurers asking clearer questions and insured parties providing relevant information upfront.
One question to ask your managing agent
Did you know you can ask your managing agent to confirm what commission they receive in relation to your building insurance?
Summary
We want clients to understand what they’re buying and how the law affects their insurance. If you’re a leaseholder or part of a residents’ management company and you’re concerned you may be overpaying for building insurance, we can help you review your options and arrange suitable cover directly.