Block Insurance Essentials
Owning a block of flats means you are responsible for insuring your building and flats. This article explains the essentials of what you need to know.
Firstly, you’ll need to look at building insurance
This covers the cost of repairs for the structure, such as any external walls, windows, and roofs, as well as permanent fixtures like doors, fixtures, gates, and paths.
This covers theft, storm, and fire as well.
Communal areas and block insurance
Be aware also that if the block of flats includes communal areas, which most do, you may also need to obtain extra coverage for shared amenities such as laundry rooms and other areas.
Block insurance liability considerations
Finally, you need to make sure that your block of flats insurance covers any legal responsibility or liability you may face. If the building is damaged and you are found to be at fault, then your block insurance will pay for the cost of any compensation.
Property owner’s liability insurance is an insurance policy that provides financial protection to block of flats and other property owners for any personal injury or property damage claims made against them.
In some cases, property owners’ liability insurance may also provide legal defense for the homeowner in the event that a lawsuit is brought against them. Block of flats owners can be held responsible for damages or injuries that occur on their property due to their own negligence or the actions of someone they are responsible for.
This means that homeowners can be held liable for medical expenses, court costs, and lawyer fees if they are found liable in court.
Property owner’s liability insurance protects apartment block owners from having to pay out of pocket for these expenses. Property owners’ liability insurance covers a wide range of injuries and damages, including personal injury and property damage resulting from fires, burglaries, vandalism, and more.
It may also ensure owners against claims of negligence, meaning if their so-called negligent acts lead to injury or damage, the property owner’s liability insurance policy is there to provide financial protection. Given the high cost of legal proceedings and the potential for monetary awards, it is important for homeowners to protect themselves against potential lawsuits by purchasing property owners’ liability insurance.
This type of insurance can provide peace of mind knowing that if something does happen on your property, you will be financially protected. When choosing a property owner’s liability insurance policy,
it is important to consider the coverage limits and the terms of the policy, so that you are adequately protected. By having this type of insurance, you not only protect yourself from the possibility of a lawsuit but also from financial losses due to damages or injuries that may occur.
Contents insurance
Assuming you have fixtures and fittings, furniture, and white goods in the properties, you will need contents insurance.
This will protect your possessions against damage and theft, and you’ll be able to pick the level of cover (and cost) based on the value of the items you’re insuring.
Does landlords and block of flats insurance cover tenants’ contents?
Landlord’s insurance (also known as rental property insurance or landlord’s protection insurance) provides financial protection to the owner of a rental property. It covers everything from liability protection and loss of rent to replacing property or dealing with damage caused by tenants.
But does the landlord’s insurance cover tenants’ contents? The vast majority of landlord’s insurance policies do not cover tenants’ contents. This means that if a tenant’s belongings are damaged or stolen, the tenant will be responsible for the cost of replacing them.
It is also important to note that not all homeowners insurance policies cover the contents of tenants — so it is worth checking with your insurer before renting a property.
If you want to provide coverage for your tenants’ belongings, the best option is to purchase renters insurance. In the majority of cases, the landlord’s insurance does not cover tenants’ contents.
If landlord’s insurance does not cover tenants’ contents, you may want to recommend (or require) that your tenants purchase renters insurance to protect their belongings.
Contact us
We are market leaders in Block Insurance. Our staff are all certified to level 3 & with over 40 years’ experience, Property Insurance Centre can find the right policy for you or your resident’s association. Give us a call on 0800 085 3761 and speak to a staff member for expert information.
Further Information & Resources you should consider:
Landlord Insurance-Addressing A Water Leak From An Adjacent 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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Contents
- 1 Block Insurance Essentials
- 2 Communal areas and block insurance
- 3
- 4 Insurance under one roof
- 5 We are specialists in many types of insurance
- 6 Block insurance liability considerations
- 7 Contents insurance
- 8 Does landlords and block of flats insurance cover tenants’ contents?
- 9 Block of Flats
- 10 Unoccupied
- 11 Home Insurance
- 12 Residential Landlord
- 13 Land Liability
- 14 Commercial Property
- 15 Lockup Garage
- 16 Restaurant
- 17 Takeaway
- 18 Classic Car
- 19 Mixed Use
- 20 Tradesmen
- 21 Why choose the Property Insurance Centre
- 22 Independent advice by approachable staff online or by phone
- 23 Access to a wide range of insurers to source suitable insurance cover for your needs
- 24 Bespoke Insurance Schemes & Portfolio Policies available
- 25 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 26 Competitive Premiums
- 27 Cover available for the buildings while the property is being converted, renovated or extended
- 28 Over 40 years experience working with the best insurers in the UK
- 29 Excellent communication so that you understand what risks you are insured against
- 30 Why choose the Property Insurance Centre
- 31 Independent broker with staff you can speak to by phone or online
- 32 Access to a wide range of insurers to source suitable insurance cover for your needs
- 33 Bespoke Insurance Schemes & Portfolio Policies available
- 34 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 35 Competitive Premiums
- 36 Cover available for the buildings while the property is being converted, renovated or extended
- 37 Over 40 years experience working with the best insurers in the UK
- 38 Excellent communication so that you understand what risks you are insured against
- 39 Why choose the Property Insurance Centre
- 40 Independent broker with staff you can speak to by phone or online
- 41 Access to a wide range of insurers to source suitable insurance cover for your needs
- 42 Bespoke Insurance Schemes & Portfolio Policies available
- 43 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 44 Competitive Premiums
- 45 Cover available for the buildings while the property is being converted, renovated or extended
- 46 Over 40 years experience working with the best insurers in the UK
- 47 Excellent communication so that you understand what risks you are insured against
- 48 Specialists in Commercial & Residential Insurance
- 49 Get In Touch:
- 50 We accept most payment types including:
- 51 UK Call Handlers & Dedicated New Business Team
- 52 Call Us on 0800 085 3761
