Blocks of flats buildings insurance

As a leaseholder or freeholder,you need to be sure you are paying the right amount for the buildings insurance of your block of flats. The management of leasehold property is complex and a lot of confusion surrounds it.

Can you choose which company insures your block?

It all depends upon your lease and whether the freeholder retains the right to insure and manage the block, or whether there is a management company on which leaseholders have the right to stand as directors. In these cases you will probably be able to choose or at least challenge the choice of insurer. Remember that because the freeholder normally just passes the cost of buildings insurance on to leaseholders as part of their service charge, freeholders do not have a great incentive to shop around for the most competitive quotes for block insurance.

Do you own a share of the freehold of the block of flats?

There are now many cases where the leaseholders actually own a share of the freehold. The management company will then certainly have the right to choose exactly which company should insure the block. Whether you are a serving director or simply a leaseholder, in these cases you should examine what you are paying for buildings insurance, and indeed whether it covers everything it should.

Competitive quotes for blocks of flats insurance, including all kinds of tenants from professionals to students, DSS and asylum seekers

At landlords and Letting you can obtain quotes for all kinds of tenants in addition to owner occupiers, plus you can also get cover for terrorism.
Email info@landlordsandletting.co.uk for very competitive quotes on insurance for blocks of flats or apartments, including terrorism cover. Give us an idea what you are looking for and a professional advisor will prepare a quote for you. Before we actually give you a quote make sure that you have an up-to-date cost for rebuilding – you are advised to obtain a survey from an RICS surveyor for this.

Block Insurance Policy features

• Rapid response to amendments or mid term adjustments when you need them.
• Direct contact with an Account Manager who will do your running for you.

Clients include:
• Freeholders, Investors and Landlords.
• Property managers and Landlords associations.
• Residential Block Schemes.
• Designed for managers or owners of multiple properties, an RGA Portfolio solution offers the care you need at an affordable rate.

We can provide competitive quotes for:
• Multiple tenancy types including DSS, Unoccupied and even asylum seekers.
• Combination of residential and commercial properties, for example, a shop with a flat above.
• Blocks of flats.
• Bed-sits and some Guest-houses.