Block of Flats Insurance

Falcon Insurance are Block of Flats Insurance specialists we understand that the buildings come in a variety of sizes and shapes, just like the risks they pose. Let us help you find the right insurance, whether you’re a freeholder, a leaseholder, or a management company

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Communal area outside flats

Why is block of flats insurance so important?

With Falcon Insurance, we can create a custom Block of Flats Insurance policy to meet your exact requirements. By doing so, you ensure that you will only pay for the coverage you need, and will not pay for any you don’t. Insurance needs are unique, and one-size-fits-all policies can often leave you exposed.

It can be difficult to arrange an insurance policy for a block of flats. The process is not like insuring a typical house so ensuring you have a comprehensive insurance cover provides property owners with the insurance protection they need.

What type of building can take out block of flats insurance?

Flats can be divided into two types. The first is Converted Flats, which are houses that have been converted to flats this could be a converted listed building, or a large, detached house. Secondly, there are purpose-built flats, which have been designed specifically as flats.

Who requires block of flats insurance?

It may be challenging to obtain insurance for blocks of flats due to the possibility of several parties being entitled to cover the property. Whether or not you need building insurance depends on whether you own the freehold or leasehold.

In the case of leasehold properties, the building should be insured by the landlord who owns the freehold. In most cases, it is not your responsibility to get buildings insurance, usually, if you own only a lease on one of the flats, you will only require contents insurance.

If you own the building and all the apartments inside it, you are the freeholder and must arrange freeholder buildings insurance.

What is included with block of flats insurance?

The goal is to make sure you are properly insured, in the event of a claim being made you may find yourself unable to manage the related costs if you are underinsured. Your block insurance typically consists of but is not limited to the following features:

Buildings Insurance

Building insurance is essential for your block of flats. If your building is damaged and you face a substantial repair bill it ensures that the costs can be covered and work carried out quickly. Our policies include all major risks, such as fire, theft, and flood. as well as accidental and malicious damage, theft.

Damage to buildings isn’t the only concern. Is there landscaping, a garden, garages, external buildings, or even swimming pools? These can often be forgotten about however you may also be able to include them in your policy.

Contents Insurance

Whether it’s the contents of an individual apartment or shared communal areas, all furniture and other contents must be covered. You can recover the costs for repairs or replacement of your contents if they are damaged by outside forces like fire and flood, or by tenants who live in your flats.

Loss of Rental Income

When the property becomes uninhabitable due to an insured event (for example fire), it will not be fit for occupation and you may lose your rental income as a result. If the Landlord is unable to collect rent whilst damages are being repaired, the loss of rent section within the policy will compensate you.

Bespoke Cover From Falcon Insurance

Our dedicated claims line is available 24 hours a day, 7 days a week, 365 days a year, and is manned by friendly and helpful UK-based call-handlers, providing unrivalled customer service. We can provide valuable reassurance, information, and assistance when you need it most.

To discuss your requirements and to receive a free quote contact the team at Falcon Insurance

Why Falcon Insurance?

Fast documentation

Unrivalled customer service

Competitive rates

24 hour claim line

Knowledgeable friendly staff

Flexible payment options

12-months interest free for property insurance policies

UK based call handlers

Save time & money with Falcon Insurance

And put us on the test to see how much we can save you!

Underinsurance and the Average Clause

Did you know underinsurance can seriously affect your insurance claim and therefore can be devastating to business and individuals this makes it very important to make sure you have the proper coverage you require.

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