Block of flats insurance covers the buildings and communal areas of residential blocks. This guide explains the difference between freehold, leasehold, and RMC cover, and how to arrange the right policy for your block.
Responsibility depends on the ownership structure. Freeholders, Resident Management Companies (RMCs), and Right to Manage (RTM) companies are typically responsible for arranging buildings insurance for the whole block. Individual leaseholders are usually responsible for their own contents.
Block of flats insurance typically covers the buildings structure, communal areas, landlord liability, and loss of rent. Some policies include engineering inspection, legal expenses, and directors and officers liability for RMCs. Cover is subject to underwriting, insurer terms and acceptance.
Yes. Mixed-use blocks with ground-floor commercial units require specialist underwriting. Insurers will assess the nature of the commercial use, the proportion of commercial to residential space, and the overall risk profile.
Yes. Insurers require the sum insured to reflect the full reinstatement cost, not the market value. An under-insured block risks a proportional reduction in any claim settlement. We recommend a professional reinstatement valuation every three to five years.
Call us on 01733 263311 or request a call-back. We specialise in residential blocks and work with insurers who understand the complexities of leasehold and RMC structures.
Cover is subject to underwriting, insurer terms and acceptance