What policy excess should you choose? Excess choices are normally be offered by your broker when they obtain quotations for you to consider for your block. An excess is the first part of a claim which is paid by the Policyholder. For example, your quote could be offered with a £100 excess. If you prefer a NIL excess
Have you got a lift? You need Engineering Insurance and Inspection cover Most buildings insurance policies taken out on blocks of flats will cover damage to passenger lifts as a result of an insured peril such as fire, accidental damage and malicious damage. However these policies do not normally extend to damage caused by the
What insurance does a block of flats or apartments in London need? Residents’ Management Companies often take on the task of arranging buildings insurance on behalf of their leaseholders. Ensuring your block of flats or apartments are adequately covered is a major responsibility and ensuring a competitive price as well as comprehensive protection for leaseholders’
Directors and Officers Insurance – does our block of flats need this cover? Your block of flats and leaseholders may not need the cover, however, the directors of the Residents’ Management Company, Residents Association or Right to Manage Company could be held personally liable for their actions while working on behalf of leaseholders. Taking out
Terrorism damage: is your block of flats covered? Even if you live in the quietest rural area and think your block of flats or apartments is never likely to be a target for terrorists, you may be taking a risk in not getting the appropriate cover. Most places that have suffered in the past have
How can I reduce the cost of my block of flats insurance? When investing in an insurance policy we know that people want the best, most comprehensive cover available. However, it doesn’t need to cost the earth. Sinead Campbell, from London Flats Insurance, discusses a are a few areas that could help you keep your
The path to finding the right insurance policy can often be complicated and ensuring you have the correct level for your block is crucial. By choosing the right intermediary or broker to locate an appropriate level of will protect you from all possible risks. An intermediary or broker acts as the most significant stepping stone
To VAT or not to VAT? Sinead Campbell, of London Flats Insurance, investigates whether you should be adding VAT to your insurance policy’s Declared Value or not. All Residents’ Management Companies need to ensure that the requirements set out in their Lease are covered by their blocks insurance policy and are reviewed at each renewal
What is PropTech? Sinead Duffy of London Flats Insurance discusses what PropTech could potentially mean for block management. In recent years a massive technological evolution has taken place, one which has extended to the corners of every industry. From self-checkouts in shops to using your smartphone to pay contactlessly, technology has come a long way
Preparing for snow: What you should know With Britain expecting to face up to 22 inches of snow today, it is important for all Residents’ Management Companies and Property Managers to understand how best to prepare their properties. Darren Bagnall, Operations Manager at London Flats Insurance, discusses what steps should be taken and the legal