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Block of Flats Insurance
Abaco Insurance Brokers specialises in arranging blocks of flats insurance (also known as block insurance). This ranges from purpose-built large apartment blocks to houses that have been converted into flats.
Predominantly, insurance is the joint responsibility of either a group of residents, who form a Residents’ Association and handle insurance themselves, or an external property management company appointed on their behalf.
Whether you are the owner, manager, resident or tenant living within the block of flats or apartment building, it is essential for you to have the correct level of cover in place to ensure the building is adequately insured. Regular buildings insurance is unlikely to provide the level of cover required to ensure you are sufficiently protected.
As specialist property insurance brokers, we work with a panel of leading insurers offering a wide range of products specially designed for blocks of flats and apartment buildings, both freehold and leasehold. This enables us to arrange tailored cover to meet your specific requirements, providing wide cover at a highly competitive premium.
Cover can be arranged on an all risks basis, providing protection against fire, flood, storm, subsidence and escape of water. As required, your policy is able to also include property owners liability, contents of communal areas, glass, accidental damage, malicious damage and theft by tenants, unoccupied cover, loss of rent, alternative accommodation and legal expenses.
We are happy to advise on all types of property insurance, including Right to Manage, Landlords, Property Investors, Managers & Agents, Residents Management Companies, Residents Associations and Freeholder.
Features & Benefits
- Cover for loss or damage to property insured
- Buildings sums insured index linked or day-one uplift of up to 50%
- Property Owner's Liability of up to £5m
- Cover for malicious damage caused by tenants
- Loss of rent cover
- Alternative Accommodation
- Communal Areas, such as hallways and roads protected
- Employers Liability cover