Question 1

Who is responsible for insuring a block of flats?

Accepted Answer

The freeholder or resident management company (RMC) is typically responsible for arranging buildings insurance for the block. Leaseholders are usually responsible for their own contents and improvements cover. The insurance obligation is often set out in the lease.

Question 2

Do all flat owners need to be named on the policy?

Accepted Answer

No, the policy covers the building and common parts. Individual leaseholders do not need to be named on the block policy. They should arrange their own contents and improvements cover separately.

Question 3

Is terrorism cover mandatory for a block of flats?

Accepted Answer

Terrorism cover is not legally required, but many mortgage lenders insist on it as a condition of lending. We can advise on whether it is appropriate for your block based on its location and lender requirements.

Question 4

Can you cover blocks with commercial units on the ground floor?

Accepted Answer

Yes, we regularly arrange cover for mixed-use blocks with retail or office space at ground level. The policy can be structured to cover both the residential and commercial elements of the building.

Question 5

What if some flats in the block are unoccupied?

Accepted Answer

Policies can include cover for unoccupied flats within the block, subject to certain conditions. It is important to notify your insurer of any extended periods of vacancy as this may affect the terms of cover.

Block of Flats Insurance