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Right to Manage
Creating a right to manage (RTM) can be extremely useful for the owners and tenants in a block of flats.
Not only can it result in savings on the buildings insurance and improved cover for everyone involved, but the ability to establish an RTM company is provided in order to give leaseholders power over their investments, since they generally hold most of the value of the property. It also gives them the opportunity to do something about the condition and maintenance of their properties if the freeholder is a neglectful or absent property owner.
If you are looking for right to manage insurance or related products to cover a block of flats, Abaco Insurance Brokers can offer you a variety of products that may suit your requirements.
Setting up a right to manage company means that the members of the RTM will usually take over arranging the buildings insurance.
Working with a wider market, rather than at the choice of the freehold property owner, who may not always look for the best quote or most comprehensive cover for the block of flats, may result in improved cover and significant savings.
Abaco Insurance Brokers is extremely knowledgeable in providing insurance for RTM companies, including a variety of alternative solutions for the leaseholders and tenants of blocks of flats. We provide RTM insurance, including a number of bespoke schemes specifically designed for a right to manage company.
Our policies usually offer quality at affordable and competitive premium rates, including:
- Property valuation services
- Directors and officers insurance
- Engineering and inspection insurance (for lifts and communal boilers)
- Tenants contents cover • Dedicated claims service