Do you need block insurance for a group of flats?

No matter what kind of insurance you’re looking for, you’ll want to find a block insurance policy that closely matches your specific circumstances.

It’s vital that everything that you need covered is included and you shouldn’t have to pay for anything that you don’t require. This is certainly true if you’re seeking block insurance for an apartment building.

Here at Adler Insurance Group, we offer bespoke flats building insurance at competitive prices and we work hard to ensure that every policy we provide offers the right cover for the situation.

Is block insurance right for you?

There are many different types of building insurance policies and before you settle on block insurance, it can help to make sure that it’s the right choice for your circumstances. For example, sometimes freeholder insurance or portfolio insurance could be more appropriate options.

The first thing to consider is what the existing leases stipulate - such as who is responsible for the upkeep of the building and the area surrounding it?

In most cases, block insurance is the right choice if the structure in question comprises a large number of flats.

These are usually purpose-built apartment buildings where individual owners contribute to things such as stairwell and hallway cleaning, maintenance and ground rent.

Often, these matters are dealt with via a property management company or the director of a residents association, who is also responsible for procuring insurance on behalf of the different owners.

The coverage provided

Block insurance is a wise option because it means the entire building is covered by a single policy, rather than many separate smaller ones. This can help residents avoid conflicts when maintenance needs to be carried out and ensures that all aspects of the structure are adequately protected.

With Adler Insurance Group’s block of flats insurance, policyholders will benefit from comprehensive building cover, including accidental damage, fire, storm, flood and subsidence.

Communal areas, such as hallways, private roads and car parks are protected and you can also receive employer’s liability cover for anyone hired to provide cleaning or maintenance of these areas.

In addition, the policies can also offer:

• Building sums insured index linked or day-one uplift of up to 50 per cent
• Property owners liability of up to £5,000,000
• Cover for malicious damage caused by tenants
• Loss of rent cover
• alternative accommodation

If you require additional coverage, such as liability protection for a residents association, lift inspection and maintenance cover, directors and officers insurance or terrorism insurance, these can also be provided.

Protect your property with Adler Insurance Group

To ensure that you select the right kind of insurance for your situation, contact us today. We can help you to find a policy that matches your particular circumstances and if block insurance is indeed the right option, we’ll make sure that the cover you choose fulfils all your obligations.

With over 30 years of experience, we are dedicated to helping our clients get the coverage they require. We offer a range of policies, with options suitable for properties that were purpose-built, as well as conversions and we’re happy to work with clients with very specific requirements.

To find out more about what we can offer, why not request a quote today? A friendly member of our team will get in touch to discuss your options.

You can also subscribe to our free newsletter, which will provide you with regular insurance related news updates and information about changes to legal regulations.

Adler Property – the cornerstone of a robust property insurance package.