Lift Insurance including Inspection & Breakdown

If you are responsible for the insurance of flats in a block, you will no doubt know of the various responsibilities places upon you. If you live in a modern purpose built block of flats & are lucky enough not to have to take the stairs, as there is a nice new shiny elevator, then add an extra layer to those already stringent responsibilities. Outside of Health & Safety Requirements you are obliged to ensure that the lift is in perfect working order for the passengers. If you are not sure where to start, then a Lift Inspection and Engineering policy (otherwise known as lift insurance) is a very good place to start. If you haven’t already got one in place, it should be considered – when an elevator breaks down and there is no lift insurance policy in place, this can give you a serious headache. With the relatively low premium versus the cost to repair, it is a no-brainer to have a policy in place when you are responsible for insuring a block of flats with a lift.

What do I need to know regarding regulations?

You should be familiar with LOLER (Lift Operations and Lift Equipment Regulations 1998). If you are responsible for insurance for flats, then yes, this will apply to you. Lifting Equipment applies to any work equipment for lifting and lowering loads, and includes and accessories that may be used in doing so (attachments to support, fix or anchor the equipment itself).

In addition to Goods & Passenger lifts, examples of lifting may include the following:

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We are specialists in many types of insurance

  • overhead cranes and their supporting runways
  • patient hoists
  • motor vehicle lifts
  • vehicle tail lifts and cranes fitted to vehicles
  • a building cleaning cradle and its suspension equipment
  • lifting accessories
  • telehandlers and fork lifts

Besides being a requirement by law or to comply with other Statutes, inspections are essential to meet any insurance policy requirements there may be.

If your organisation is involved with lift equipment used by others, you must arrange the management & control of certain risks so that INJURY or DAMAGE is avoided. Failure to do so and you are simply putting yourself in a position where you could be held liable.

How often must passenger lifts in a block of flats be inspected?

Passenger lifts in a block of flats must have a lift inspection carried out twice annually. There are other requirements in terms of inspection frequency for Good lifts (once per year) & other lifting equipment (window cleaning gantry – once per annum).

What does lift Insurance cover me for?

A lift Insurance policy can provide cover in three parts:

  • Inspection
  • Mechanical Breakdown or engineering
  • Accidental Damage

Additionally, some insurers will provide cover for damage to surrounding property belonging to or in control of the policyholder resulting from pressure corrosion, cover whilst any machinery is temporarily removed for any repairs needs or inspection required, reasonable costs for temporary repairs or expediating permanent repairs, cover for legal liability for damage to any hired in plant, debris removal and site clean up costs (including the removal of tenants property), Trace & Access, Professional fees, metered utility charges, costs of exceptional measures to prevent or reduce imminent damage, Increased costs of working & additional costs due to any lease provisions.

Each of these extra features and benefits which can be provided by Property Insurance Centre have their  upper limits for claiming and can be seen on the individual policy wordings.

What does a Lift Insurance Policy not cover me for?

Testing or intentional overloading, fire and specified perils, flue gas explosion, pollution or contamination, corrosion or erosion, wear & tear, financial loss, E-Risks, Nuclear Risks, War & Sonic Bangs, Terrorism and in Northern Ireland Civil Commotion.

Why should I take out a Lift Inspection and Engineering Policy?

Lift Inspection

Failure to inspect a lift every 6 months in a Block of Flats can mean you are in breach of Health and Safety Regulations to begin with. Equipment needs inspected perhaps due to incorrect installation or deterioration through wear & tear. An inspection will identify these problems & help prevent potential injuries or damage and make sure Health & Safety Laws are adhered to. Identifying a problem long before it becomes highly significantly will also save in costs or potential repairs further down the line. When you have an inspection under a Property Insurance Centre Lift Inspection Policy, a qualified engineer will carry out the inspection. There will be a Certificate issued as proof this has been carried out to a high standard & any issues highlighted. If the lift in deemed unsafe after an inspection, the report may conclude the lift should be taken out of operation until it has been put right.

Engineering

Adding engineering cover will give cover for Accidental Damage or Mechanical Breakdown to a lift in a Block of Flats.

  • Breakdown – In some cases  this is unavoidable especially with a highly technical piece of equipment such as a lift in a block of flats being used 24/7 all year round. It is therefore recommended that breakdown cover is considered and added to your lift inspection policy. Elevator repairs can be costly and have this cover in place with save money should there ever be a mechanical failure.
  • Accidental Damage – Accidental Damage can be described as a sudden or unforeseen event.  This may include the Explosion or Collapse of pressure vessels of the lift. With multiple occupants entering a lift every day, the chances are sooner or later, something unforeseen will happen. If you can add Accidental Damage Cover to your lift insurance policy then you should take it out.

For more information from Health & Safety Executive for lift and inspections click here.

Remember every policy differs in terms of their cover & lift insurance policies will be no different. Property Insurance Centre have access to panel of insurers that can provide cover for Breakdown, Accidental Damage and provide an inspection service to comply with statutory requirements. We can use insurers such as Zurich and Royal & Sun Alliance amongst other reputable insurers. A special Block of Flats Insurance provider we are renowned for the lift insurance policies we provide and at very competitive rates.

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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.

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