Blocks of flats insurance
Block of flats insurance covers Apartment blocks, from small to very large. It refers to insurance that has coverage of many residencies within one building. If a house is converted to self-contained flats or purpose built blocks. Insurance brokers consider a property with two or more flats to be a block. This could be either a small block or a large block.
Insuring a single flat within a block can be difficult. A flat in a block can be open to increased risks due to the flats surrounding it. A dedicated block insurance policy covering all possibilities and eventualities is the way to go.
What is a block of flats?
A block of flats is a building that covers more than two self-contained flats or apartments. The owner of a block may act as a landlord or have a flat managed by a third party company acting as a landlord.
Do I need building insurance for a leasehold flat?
Full building liability is part of many block insurance policies. To some degree, any damage to the structure, communal ways or landscape gardens will be within an element of the policy.
Why iInsure365 for blocks of flats insurance?
The process of insuring a block of flats can be complicated. As there are many factors for consideration of compensation in the event of damage. A vehicle or personal asset can have a determined value. Blocks of flats or apartment blocks are not as simple. But we can take out the hassle of dealing with this for you.
We have partnered with some of the UKs leading blocks of flats insurance companies. We ensure that your policy is tailored to cover all potential risks, for all affected parties. If properties are purpose-built or conversions to individual flats or entire blocks. Whether the tenants are leaseholders, DSS tenants or a mix of both your policy will be specific to you.
You will have various options which will include and exclude contents insurance. This will mean that the costs incurred by a sudden loss of water or damage to fittings are covered. The policy would include loss of rent. This may be an issue if your tenants need to find alternative accommodation whilst repairs take place.
Flat Block Insurance to Compare
- The freeholder can arrange buildings insurance for the whole block.
- The flat block may have a managing agent who has the responsibility of insuring the block
- The leaseholders of a building may decide to take care of the insurance themselves. This is a right-to-manage company.
Money Supermarket or the Right Cover?
Cover for blocks of flats larger than ten storeys
Many insurance providers can only cover ten flats per block. We have access to a wide range of property insurers and thus can help you find a policy for your block of flats. Even if it is more than ten. If there is anything unusual about your block of flats, our team are always happy to help you find a solution.
Organizing quotes on building insurance for flats or apartments with leaseholds is known as block insurance or block of flats building insurance. This is a big responsibility even for management companies. We understand that and can help you through the process. You may be a Director of a Residential Management Company (RMC), Right to Manage Company (RTM), members of a residents association, a leaseholder, or a resident who has volunteered to organize the building insurance for your block of flats.
We insure properties of standard and nonstandard construction and have also done a lot of listed building insurance.
We will search our panel of well-known insurers to find you the appropriate level of service and cover at a competitive price so that you don’t have to.
We have a mission within our company as follows:-
- Transparency of all our costs and any commission so no hidden charges
- An unrivaled reputation for customer service
- Comprehensive cover including Directors and Officers liability
- Low-cost insurance that doesn’t compromise on cover
- Individual policies to suit individual requirements
- An understanding of Right to Manage and Enfranchisement from our staff
- Quality and commitment to excellence
- Synergy with our clients to ensure that they have no surprises within their policy
- Flexible payment terms
Please do not hesitate to contact the Chief Executive Charlotte Skinner to discuss this.