Insurance for blocks of flats
Insuring a block of flats and apartments
You might be a property landlord or a builder or developer, maybe a residents association or right-to-manage owners. Whatever your status, for those with an interest in insuring flats and apartments need appropriate advice from QuoteRack's specialist insurance brokers.
"There are 12 flat owners who have finally succeeded in our right-to-manage negotiation with the freeholder. We are now in charge of our own property and getting help and advice on the buildings insurance for the block of flats was invaluable"
It is not only the buildings that might require insurance cover. If you are managing your own property under a right to manage arrangement, you will also need to consider 24 hour emergency cover for all residents, as well as cover for the gardens, grounds and outbuildings. If you have a communal satellite system, or a sophisticated door entry system, you will need to make sure that all aspects of these are included under your flat-owners insurance policy.
"The property was divided into apartments and now the flat owners are responsible for all aspects of insurance - the buildings, contents and everything within the property."
You may also be interested to see other QuoteRack categories such as insuring a freehold flat or apartment and landlords' property insurance.
Blocks of flats insurance - links
Residential Landlords Association
A recommended site, visit the RLA website.
Right to Manage
For flat-owners who get together to manage their own block of flats
"We had been paying a service charge to the landlord for years and it seemed an obvious step to take. We now manage the block of flats ourselves"
"Our insurance adviser told us how best to arrange the insurance, both for the buildings and for each tenant's contents. With his help, we saved a significant amount on our insurance costs"