Blocks of Flats
Specialist insurance for landlords, managing agents and residents’ management companies
Who we help
Landlords
From converted houses with multiple flats to large
purpose-built residential blocks.
Because no two properties are the same we ensure a flexible approach is taken to each property and can offer different levels of cover and excesses dependent on what you or your property requires. Our suite of bespoke insurance policies for blocks of flats includes:
Property Owners
Building and property-related protection.
Directors' & Officers' Liability
Protection for management responsibilities.
Legal Expenses
Support with insured legal disputes.
Terrorism
Additional protection where required.
Engineering & Inspection
Cover and inspection for relevant equipment.
More than just insurance
We offer a range of services designed to make managing your insurance programme simpler, from reviewing cover and managing claims to training and ongoing risk support.
Portfolio & policy reviews
Review individual policies at renewal or your entire portfolio, including existing cover to identify potential gaps.
Risk management
Ongoing risk management support and regular updates on relevant market trends.
Training & compliance
Policy and underwriting training for your team, plus regulatory and compliance updates when required.
Claims support
Ongoing claims management from our experienced in-house team.
Efficient policy administration
In-house policy documentation designed to keep the process quick and efficient.
Specialist support
Access to specialists across Hayes Parsons, alongside flexible remuneration arrangements.
EXCLUSIVE ACCESS
Speak to our team about the specialist cover available to managing agents and RMCs
Risk Management
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Claims support
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ViewFrequently Asked Questions
If you own or manage a block of flats, it’s critical that you have the right specialist insurance as standard buildings insurance won’t provide you with adequate cover. Block of flats insurance is a specialist type of insurance that provides the protection you need. For example, if your building has a lift, this will require additional insurance.
That depends how your block of flats is managed. If there are a board of directors, the overall responsibility for insuring the block of flats will be for the board, but they may employ a professional property managing agent, and if this is the case, then normally they will arrange the insurance on behalf of the board. Alternatively, it will be for the trustees or residents of an unincorporated block to make sure the correct insurance is in place.
We recommend you consider a reinstatement cost assessment, to professionally assess the rebuild cost of the building, at least every 3 years. In the event of a claim in which it is found the property is underinsured, an insurer can reduce the cost of the claim by the same proportion as the underinsurance. This is called “average”. At the current time, buildings inflation is running significantly higher than normal, making it even more important that you consider rebuild costs regularly. We will index link the value of your building by an inflationary figure every year and are here to provide advice on how best to avoid the punitive “average” condition.
In the event of insured damage to the building, our insurance policy will provide cover for loss of rent for rental properties, or alternative accommodation for leaseholder occupied premises, to ensure that whilst the damage is repaired, you are able to receive your regular income or else you are put up in accommodation.
Get in touch
Our specialist team
Sam Howard Cert CII
Client Executive
James Woollam
Managing Director
