Residents Association Insurance Residents Associations are often responsible to obtain insurance on a block of flats – either purpose built or a converted house. Buildings insurance for Residents Associations should insure against various risks such as injury to the public, Fire, impact damage by vehicles and escape of water to name a few. Residents Association Insurance can be packaged together to insure against many perils, however, one of the most important is Property Owners Liability. What can we also include? Legal Expenses  Directors & Officers Insurance Terrorism Cover Depending on the need, the stand liability limit is £2 million. This covers the Residents Association for injury to the Public or Third Party Property Damage. Think of a scenario where, a member of the public visits one of the residents and trips and falls on the staircase in a communal part of the building whilst on route to their visit. [...]

Right to manage insurance Right to manage insurance is often required for a freehold block of flats for residential tenants on a 6 months AST or long leaseholder/owner occupiers of the individual flats and apartments. It is often the case right to manage insurance becomes an urgent requirement where the freeholder has neglected their responsibilities and obligation to the insure the building. When this is the case Right to Manage Companies are often formed by the residents of the block of flats, and once this is form they have the right to form a Right to Manage Company (RTM) and at that point they can obtain right to manage insurance to insure for such risks as Property Owners Liability and various other perils such as Fire or storm damage. It is important to remember contents cover can be added for communal contents for which the Right to manage company is [...]

Residents Management Companies Insurance Property Insurance Centre is pleased to offer great cover and rates on Resident's Management Company Insurance. If you are part of a residents management company you will be also be under an obligation to source the correct and appropriate insurance for your tenant or leaseholders of a block of flats. Residents management companies are often tasked to find insurance cover for the buildings including all common areas where Public Liability is important in the event of injury to a member of the public when visiting or indeed one of the residents themselves. Public liability can be attached as part of a package to the buildings insurance and can be extended to £5 million from the standard £2 million if required. It is often a requirement of management companies to extend the liability limit to £5 million when it is a particularly large block of flats. [...]

Freeholder Insurance Specialists If you own a building that has been converted into flats or commercial premises then you will need freeholder insurance.  Since 1976 Property Insurance Centre have been specialists in commercial and landlord insurance and we have access to a wide range of insurance underwriters. Freeholder insurance is for the owner of the land (sometimes called the superior landlord) and is required for anyone who is responsible for the upkeep of a leased building and the ground surrounding it.  It is also required by the owner of the land and any buildings on the ground (the people who charge tenants ground rent or service charges). Features of Freeholder insurance can include: Protection on loss or damage to your property including fire, accidental damage, storm, flood, escape of water, subsidence and theft. The building sum insurance can be index linked or have a day-one uplift up to 50%. [...]

Multi Tenure Insurance Policies Multi Tenure & Occupancy Insurance Specialists for the UK: Property Insurance Centre are pleased to be able to offer Multi Tenure Insurance for property owners who have multiple tenants in their premises. These types of building are characterised by having no fire separation between the different businesses and therefore will require a specialist insurer to ensure the building is properly insured. Public Liability - Included Loss of Rent - Optional Legal Expenses - Optional An example for a multi tenure policy would be a petrol station which has several other tenants in the same structure such as a sandwich shop, hot food counter, butcher, etc. and this policy would cover the buildings and liability for the owner. Get a Quote Insurance under one roof We are specialists in many types of insurance [...]

Welcome Joy Harron Joy Harron has recently joined Property Insurance Centre and has over 27 years of experience in the insurance industry. Having worked primarily with Home and Car Insurance departments for Hughes and then MIS Claims for around 3 years before joining up with the Property Insurance Centre team. She has been servicing the local communities insurance needs over the years and is well liked and trusted by everyone. Over the years Joy has been responsible for everything from training new starts, invigilating CII exams, auditing and working in every department from compliance to complaints and Home, Commercial Vehicle and liaising with insurance underwriters in order to get the best rates and products from them. Insurance under one roof We are specialists in many types of insurance [...]

Mr Haddock saved money on his renewal Stephen Haddock had a claim during the year after a storm and his claim was successfully paid out.  When it came to his renewal it had increased to £1,100 (from just over £300 before).  We were able to contact the insurance underwriter and get his renewal premium down to £1015. Mr Haddock was very happy that we were able to get some discount applied to his residential property owner’s policy and renewed with Property Insurance Centre for another year. Since 1976 Property Insurance Centre have offered great cover and rates for Residential Property Owners Insurance and Landlords insurance and call us today on 0800 085 3761.  Get a Quote Insurance under one roof We are specialists in many types of insurance [...]

Guide to buying property at Auction Downsides to buying at auction: There are downsides to buying property at auction and the main thing to watch out for is that you don’t get into a bidding war and end up paying more than your limit for a particular property.  The only cost is any money invested in researching or surveying the property would be lost if you are unsuccessful in your bid. Costs of buying at auction: Auction fees which are typically around £200 – £400. Stamp duty. Solicitor costs. You are expected to pay for insurance on the property from the 1st day of ownership. Top Tips for buying at auction: Research the properties on the catalogue and create a list of the properties that you are interested in and then consider getting a survey. Insurance under one roof We are [...]