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Can I Insure a Partially Empty Block of Flats in the UK? If you own a block of flats with vacant units, you might be wondering whether standard property insurance will cover you. In the UK, insuring a partially empty block of flats is possible, but there are important factors to consider. Why Does Vacancy Affect Insurance? Empty properties pose higher risks, including: Security concerns – Unoccupied units are more vulnerable to vandalism, break-ins, and squatting. Maintenance issues – Leaks, dampness, or structural problems may go unnoticed. Fire risks – An unoccupied space can become a target for arson or suffer unnoticed electrical faults. Because of these risks, many standard building insurance policies may not fully cover an unoccupied flat for extended periods, typically beyond 30-60 days. Get a Quote Insurance under one roof We are specialists in many types of [...]

Can I Insure My Block of Flats if I'm Not the Freeholder? The quick answer is yes, you can insure your block of flats even if you’re not the freeholder, but the process and your responsibilities depend on your ownership type and lease agreement. Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building. Speak with the Freeholder or Managing Agent: Ask for details about the current insurance policy and how costs are allocated. Seek Professional Advice: If you suspect the freeholder is failing to insure the property adequately, consult a legal expert or surveyor. Get a Quote Insurance under one roof We are specialists in many types of insurance https://youtube.com/shorts/mTOdqzVQidU Key Considerations When Insuring a Block of Flats [...]

What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down. They will also provide inspection twice yearly in most cases, which is a legal requirement. It therefore makes sense to ‘bolt-on’ an additional Lift Policy to your Purpose Built Flats Insurance. A good Lift Policy will provide the Policy Holder cover for both Inspections every 6 months & Plant Protection. LOLER stands for Lifting Operations and Lifting Equipment Regulations. It is a set of regulations in the UK that ensure the safe use of lifting equipment in the workplace. Get a Quote [...]

Tower block insurance finally reduced in United Kingdom Did you know that flat owners in buildings affected by Grenfell-style cladding have seen their insurance premiums rise by up to 400% in just one year? This alarming statistic has put financial strain on leaseholders, making it crucial to find a solution to lower insurance costs for blocks of flats and residential buildings. Key Takeaways: The introduction of the Fire Safety Reinsurance Facility aims to tackle the eye-watering insurance bills faced by flat owners in buildings with cladding and fire safety issues. The scheme, set to come into effect on April 1, will reduce costs for individual flat owners, potentially saving them thousands of pounds a year. Leaseholders can expect a reduction in insurance premiums by up to two-thirds for most larger properties. The Fire Safety Reinsurance Facility will provide financial relief until the combustible material is removed from buildings, reducing [...]

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats, it's crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats. That's why it's essential to choose a specialised block of flats insurance policy that covers the specific needs of your property. Block of flats insurance typically focuses on buildings insurance, which covers the physical structure of the property. It ensures that the walls, flooring, and enduring fixtures and fittings are protected. In addition to buildings insurance, it is also important to consider additional covers such as public liability, landlord home emergency, and legal cover. When selecting an insurance policy, factors such as the type of tenants, unoccupied flats, and the risk of water leaks and subsidence should be taken into account. It’s essential to accurately determine [...]

Top Block of Flats Insurance Pitfalls Welcome to our guide on block of flats insurance pitfalls. As a property owner, you want to ensure that your investment is adequately protected, but there are common insurance pitfalls that you need to be aware of. In this section, we will discuss the most common pitfalls that property owners face when it comes to block of flats insurance. By being aware of these potential issues, you can avoid costly mistakes and take steps to protect your investment. Key Takeaways: Block of flats insurance has common pitfalls that can be costly if not properly addressed. Being aware of potential insurance pitfalls is the first step in protecting your investment. Understanding Block of Flats Insurance If you own a block of flats, it is essential to have a clear understanding of block of flats insurance. This type of insurance provides coverage for properties that [...]