Block of Flats Insurance

What is Block of Flats Insurance?

Block of Flats Insurance is a specialist property insurance policy designed to protect multi-unit residential buildings from structural damage, liability claims, and financial losses. It combines multiple types of cover into one comprehensive policy, ensuring seamless protection.

This insurance is essential for:

• Freeholders and property owners
• Leasehold management companies
• Residents’ associations
• Landlords with multiple flats in one building
• Buy-to-let investors with leasehold properties

Without the right cover, owners and leaseholders could face expensive repair costs, legal disputes, and financial strain due to unexpected damage or liability claims.

What Does Buildings Insurance Cover in a Block of Flats?

Buildings insurance for a block of flats covers the physical structure and communal areas of the property. This includes:

• Structural elements – walls, roofs, floors, and foundations
• Communal areas – stairwells, lifts, hallways, and shared gardens
• Fixtures and fittings – doors, windows, kitchens, and bathrooms
• Outbuildings – garages, bin stores, and bike sheds
• Accidental damage – damage caused by tenants or third parties
• Fire, flood, and storm damage – protection against major disasters
• Subsidence and structural movement – cover for shifting foundations

Buildings insurance ensures that if the property suffers damage, the cost of repairs, rebuilding, and reinstatement is covered, preventing financial burden on freeholders or leaseholders.

How Does Insurance Work in a Block of Flats?

Who is Responsible for Arranging Insurance?

• Freeholders or management companies typically arrange the block buildings insurance, which is then charged back to leaseholders through service charges.
• Leaseholders with individual flats may still need separate contents insurance for their personal belongings.

What Costs Are Covered?

Block of Flats Insurance covers shared risks across the building, including:

• • Structural repairs and rebuilding after fire, storm, or impact damage
  • Communal liability for injuries sustained in shared areas
  • Loss of rent or alternative accommodation costs if flats become uninhabitable

Do Leaseholders Need Separate Insurance?

Yes, leaseholders should arrange their own contents insurance for personal belongings, as Block of Flats Insurance only covers the building and communal areas.

Why Do You Need Block of Flats Insurance?

Protection Against Property Damage

A block of flats faces risks such as fire, floods, burst pipes, and vandalism. This policy covers building repairs and communal area maintenance.

Cover for Legal and Liability Claims

If a visitor, contractor, or resident is injured in a communal area, the freeholder or management company could be liable. Public liability insurance covers legal defence and compensation payouts.

Financial Security for Leaseholders and Freeholders

Without insurance, freeholders and leaseholders could face massive repair bills. This policy ensures costs are covered, reducing financial burden.

Compliance with Lease Agreements and Mortgage Requirements

Most mortgage lenders and lease agreements require adequate buildings insurance. This policy ensures compliance with legal and financial obligations.

Business Interruption Cover for Lost Rental Income

If flats become uninhabitable due to damage, landlords can claim for lost rental income, ensuring financial stability while repairs take place.

What Does Block of Flats Insurance Cover?

• Buildings insurance for fire, flood, and storm damage
• Communal areas protection including stairwells and lifts
• Public liability insurance for injuries on the property
• Employers’ liability insurance for on-site staff and contractors
• Loss of rent cover if flats become uninhabitable
• Alternative accommodation costs for displaced tenants
• Legal expenses cover for disputes with leaseholders and tenants
• Terrorism cover (optional) for damage caused by attacks or riots

Common Areas To Consider When Getting The Right Block Of Flats Insurance Policy

Concerned About Major Repair Costs?

If the roof collapses or a fire damages multiple flats, repair costs can be overwhelming. Our policy covers full rebuilding and restoration.

Worried About Legal Claims from Tenants or Visitors?

A slip-and-fall accident in a communal hallway could result in a lawsuit. Our public liability insurance ensures landlords and management companies are protected.

Unsure About Leasehold and Freehold Responsibilities?

Navigating block of flats insurance requirements can be confusing. Our expert advisors help freeholders, leaseholders, and management companies find the right cover.

Looking for Cost-Effective and Flexible Cover?

We offer customised policies tailored to small apartment blocks, HMOs, and large residential complexes, ensuring affordable and reliable protection.

Need a Fast and Hassle-Free Claims Process?

Our dedicated claims team ensures quick settlements, so property owners can focus on managing their investments without disruption.

How Much Does Block of Flats Insurance Cost?

• The cost of Block of Flats Insurance depends on:

  • The size and location of the property
  • The number of flats and tenants in the building
  • The property’s construction type and age
  • The level of cover for buildings, liability, and loss of rent
  • The security and fire safety measures in place
  • The claims history and overall risk assessment

  ABA Insurance provides tailored policies at competitive rates, ensuring property owners get the best protection at the right price.

Why Choose ABA Insurance for Block of Flats Insurance?

• Industry expertise with specialist cover for freeholders and management companies
• Flexible policies designed for small apartment blocks and large residential buildings
• Competitive pricing with cost-effective insurance solutions
• Fast quotes and an easy application process
• 24/7 support and claims assistance for hassle-free settlements