Our product includes Directors and officer’s liability as part of the building insurance. We are the only provider that does this!
Our policy offers a huge range of cover including the following.
- £5 million property owner’s liability in case tenants injure themselves
- Loss of rent cover and alternative accommodation for when the property is uninhabitable due to an insured peril
- Accidental damage
- Malicious damage by tenant (most policies won’t cover this)
- Theft by tenant (often excluded by insurers)
- Trace and access cover for the damage to the property when finding the cause of a leak
- Lock replacement
- No reduction in cover for 45 days when vacant (longer vacant period than most)
What is the rebuild cost?
We work with rebuildcostassessment.com to offer a rebuild cost calculator. Building insurance premiums are calculated using the rebuild cost. So, you could be overpaying on your building insurance due to an incorrect figure.
The assessment is simple and easy. It costs £160 (for up to £2 million rebuild cost) as a one-off fee and all you need to provide is the address. We do the rest. The assessment will give you peace of mind but could also save you considerable amounts of money. The savings in insurance premiums can easily outweigh the assessment cost.
What is Right to Manage?
Right to Manage is the term used for when leaseholders apply to manage their freehold. It is a process whereby the qualifying tenants jointly apply to take over management duties from the freeholder. It is not dependent on the freeholder doing anything wrong. There are some strict criteria to pass in order to proceed.
What is Collective Enfranchisement?
It is the right, subject to qualification, for owners of flats in a block to buy their freehold. They are entitled to this right as part of the Leasehold Reform Housing and Development Act 1993 (as amended). People often apply for enfranchisement to try and reduce their costs and take control of what they spend on the building long term. Again, there are strict criteria to meet for the sale to go ahead.
A local valuer calculates the cost of the freehold. The cost of which is divided between the leaseholders in order to own their share of the freehold.
If you are about to go through either of the processes above and don’t understand the terms you have read don’t worry. We have plenty of information in our news centre to help you understand further.
Read our customer reviews on how we have already helped them save on their building insurance premiums.
‘Always a really good experience renewing my insurance with iInsure365. They contact me well ahead of time and hunt down the best rates. Great, friendly and professional service!’
‘Fast, friendly insurance at a very competitive price. 100% recommend!’
‘A great company to deal with. I contacted them and provided my details and in less than ten minutes, I received with a competitive quote for Landlord House Insurance and copy of the certificate.
I would highly recommend this company.’
‘Very helpful service with quick replies and great staff.’
We have exclusive insurance products for the ownership types described above. Request a call back to speak to a member of the team.