Block building insurance

Insurance arrangements in a block of flats or apartments can be confusing. Our team at Property Insurance Centre have put together a quick guide to the different types of insurance that are relevant to help explain things:

  • Owner/Landlord

You have responsibility for insuring the building and your policy must be suitable for rented properties if you are renting your flats out. If something happens like a fire or a flood you need to ensure you have the right insurance to pay for repairs or in the worst case for the building to be rebuilt. If you own more than one building you can take out one combined policy for all your properties. If you have any fittings or contents within the communal areas of the building you may want to take out contents insurance to cover this. Remember that you also need public liability insurance and if you have any employees you will also need employee liability insurance. If you rely on the income from your tenants to pay your bills, you may want to take out rent protection and alternative accommodation cover as well.

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Block building insurance

Insurance under one roof

We are specialists in many types of insurance

  • Management Company

In many blocks of flats a management company will be in place and act on behalf of the owner/landlord.  They will usually arrange all the necessary insurance on behalf of the landlord.

  • Tenants

While a tenant is not responsible for insuring the building itself (that’s the landlord’s responsibility) you need to make sure you have home contents insurance for your possessions to ensure you can replace them if something happens to them.

  • Owner-occupier

If you have bought an apartment and have a mortgage, it is likely that the mortgage company will ask for you to take buildings cover in case something happens.  If you don’t have a mortgage you don’t have to have buildings insurance cover – but it is advisable.  You should also take out contents insurance to cover your belongings.

If you are insuring a block of flats remember that you need to insure the cost of rebuilding – not the market value of the building.  That said, the cost of rebuilding will go up over time – so you will need to increase the value you insure.

If this all sounds a bit complicated and you aren’t sure what insurance you need – just give our team at Property Insurance Centre a call on 0208 651 3131 and they will happily talk you through it.

Block of Flats

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Home Insurance

Holiday-Home-Insurance

Residential Landlord

Land Liability

Commercial Property

Why choose the Property Insurance Centre

Independent advice by approachable staff online or by phone

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Why choose the Property Insurance Centre

Independent broker with staff you can speak to by phone or online

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Why choose the Property Insurance Centre

Independent broker with staff you can speak to by phone or online

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Specialists in Commercial & Residential Insurance

We have over 40 years experience as Residential and Commercial Insurance Brokers. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.

Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first.

Looking for a quote now? Give us a call on 0800 085 3761 or complete one of our quote request forms.

We are also authorised and regulated by the Financial Conduct Authority and you can view our registration here.

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Call Us on 0800 085 3761