Block of Flats Insurance

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Quote Ref WS1

	Up to 35% no claims discount		Let properties acceptable at no additional premium
	Fixtures and fittings included as standard		Employers and building owners liability included.
	Most tenant types acceptable.		Terrorism cover available.

Many people who live in flats pay for block flat insurance as part of their service charge to the freeholder. Buying a block policy has some great advantages particularly when it comes to cost. However there is one major disadvantage if you are a leaseholder and that is the buildings policy often does not cover your fixtures and fittings. If your freeholder has taken out a block buildings insurance policy and it does not cover fixtures and fittings you have a number of options:-

• Approach your freeholder to see if they will change the policy.
• Take out a separate policy to insure your proportion of the buildings.
• Approach your contents insurer to see if they will cover fixtures and fittings.
• Leave your fixtures and fittings uninsured.

The ideal solution would be for the freeholder to provide adequate cover, however if this is not possible you may dispute their choice via a leasehold valuation tribunal .If you cannot resolve the situation or find yourself responsible for providing buildings insurance as the leaseholder (Common when insuring converted blocks of flats) then talk to one of our advisers and we will happily guide you through your options.

In addition to the basic buildings cover, consideration should be given if the property is let out to whether a specialist landlord insurance policy is more appropriate. A landlords policy will extend covers to include not only the basics such as liability but also loss of rent and landlords contents.