Getting The Most Out Of Your Block Of Flats Insurance Cover


As a block of flats owner, you want to know that your insurance has you covered in the event of a claim or damage to your property. You will also want to be reassured that you aren’t paying over the odds for your level of cover or be short-changed if the worst does happen. We have put together some tips for making sure you have a great policy and how you can make the most of it.

Choose a Comprehensive Policy

It’s surprising to know how many blocks of flats owners are underinsured. As a landlord and property owner, you need to make sure your policy covers not only block of flats buildings insurance but also your contents. There are additional covers not picked up by the main property insurance policy that might be appropriate for you such as Directors and Officer’s Liability insurance, Legal Expenses and Loss Recovery but a quality insurance broker can help advise you on these. It is vitally important to make sure you have a comprehensive policy with the right amount of cover so you don’t end up out of pocket in the event of a claim, whether it’s from accidental, storm or malicious damage carried out in your building.

Use a Building Insurance Broker

When managing a block of flats, there is a lot of pressure on you to maintain the building, collect rent and keep your tenants happy. Take some of the pressure off and use a respected building insurance broker to find your block of flats insurance policy. Not only will this ease some stress, but it will also ensure that you are suitably covered. A building insurance broker will search through insurance providers to find you a policy tailored to cover everything you need. All that the dedicated Flats Direct team need from you is your details and a short amount of time on the phone to get the ball rolling with finding you a great insurance solution. As well as this, using a building insurance broker such as Flats Direct means that you have support even after you’ve signed on the dotted line. We will support you in property risk management as well as insurance. As a result, someone will always be there to discuss potential problems as well as if a claim unfortunately occurs.

Maintain Your Property

Health and safety in flats, or lack thereof, is one of the most common reasons for a complaint from tenants. This, and hefty financial costs, are the primary reason to maintain your property and have a thorough risk management plan in place. Make sure you are up to date with building legislation and do any necessary maintenance work on your block of flats to ensure it is in line with the law. Not only will this prevent further wear and tear down the line, but it may also reduce the premium on your block of flats buildings insurance.

Another worthwhile investment is an up to date security system, whether that is in the form of CCTV or simply changing the locks after tenancy agreements end. These measures can help keep your block of flats secure. They will help to prevent burglaries and damage to your property that could end in costly claims.

At Flats Direct, we provide quality advice for block of flats owners and can find you the right cover at a great price. As respected building insurance brokers, we are happy to discuss the level of cover you need. For a tailored quote, contact us and speak to one of our team.

You can call us on 0800 731 6242 or email to learn more about the block of flats insurance available.