Block of Flats Insurance Policy or Freehold Policy

At Property Insurance Centre we find that many people who are responsible for organising insurance for a block of flats find the application process so complicated they tend to stick with the same provider for years.  We have heard this again and again from landlords, management agents and residents associations.  This means that they often haven’t had a competitive quote in a long time and unfortunately sometimes that their cover isn’t what they need and won’t be sufficient if the worst happens and they have to make a claim.  At Property Insurance Centre we focus on making your renewal as easy as possible by taking all the details about your property, talking you through the types of cover you may need, agreeing what must be covered and what will be optional and then we do all the legwork for you.  We have long established relationships with all the largest insurance providers in the UK so can find the best premiums to ensure you have the cover you need. If your premium seems to keep rising year on year and your loyalty to your provider doesn’t seem to be rewarded any more, give us a call at Property Insurance Centre or fill in our online quote form and we will call you back to carry out a block of flats insurance comparison with all our insurance providers.  We can get you a better premium with better cover than 90% of our competitors and we often find our best premium is less than half the premium paid the previous year.  To help take away some of the myths about block of flats insurance policies, here’s a few pointers.

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Block of Flats Insurance Policy

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We are specialists in many types of insurance

TOP TIP – Keep your Fire Safety Procedures in Flats up to date. This can often get you discounts. Take a look at this Fire Safety Information which may help in lowering your insurance premium!

DOES MIXED OWNERSHIP OR MIXED USE OF THE BUILDING MEAN WE NEED TO TAKE OUT DIFFERENT POLICIES?

No – mixed ownership or use by lots of different people or businesses doesn’t make taking out your insurance more challenging.  We understand that the needs of all the owners and occupiers needs to be covered, so we just need to make sure we know who is using the building and for what purpose to make sure they are included in your cover.  If you have owner occupiers on a long term lets, tenants or a combination, you need to include cover for each of their needs such as alternative accommodation for owner occupiers and cover for rental payments for tenants.  The use of the building can also affect your premium, so if you have businesses within your building you need to know the type of work they are carrying out on the premises..

WHAT COVER DOES A RESIDENTS ASSOCIATION NEED?

Resident’s Associations should have public liability insurance to cover the communal areas which the association looks after.  This is to ensure that if someone has an accident in one of these areas there is insurance to cover any claims for negligence and avoids any member of the Residents Association being held personally liable.

WHAT ABOUT DIFFERENT TYPES OF PROPERTY?

If you own or look after different types of flats and maybe other types of property as well, this doesn’t mean you need lots of different policies – we can arrange a portfolio policy to cover all your buildings.  Whether your premises were purpose built or converted or are small, large or includes multiple blocks, we can find a policy that suits your needs.  Scale is not an issue either – we can provide cover for anything from a single building with two flats to a multi flat complex.

WHAT TYPE OF COVER DO I NEED AN HOW MUCH?

Your block of flats insurance policy needs to have the right cover.  We will need to discuss the value you want to declare for the building which should be the cost of rebuilding it if the worst happens and the building is destroyed.  We will then explore what other types of cover you need to agree what is needed, optional or not required.  From cover for fire, flood, subsidence, legal expenses, loss of rent or alternative accommodation, we can obtain estimates and then agree what you would like to include in your policy.

DO I NEED TERRORISM COVER FOR MY BLOCK OF FLATS?

While you don’t have to have terrorism cover, it is not included as standard on most policies but is available as an optional extra from £50 so can be easily added to any policy. 

WHAT IF THERE HAS BEEN A PREVIOUS CLAIM ON MY BUILDING?

If there has been a previous claim, we just need to know when the claim was made, what it was for and how much was claimed.  We will need to explain this to the insurance provider when we are discussing cover and your block of flats insurance cost may have an increment to reflect the claim but it will not prevent you from taking out a new policy with a new provider.

So for the right cover at the right price, talk to the team at Property Insurance Centre on 0800 085 3761.  We are the expert insurance brokers if you want a competitive block of flats insurance Quote.  Here are a few examples of how we have helped our clients save money and ensure they get the best cover.

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