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
Belinda Thorpe, Managing Director of Residentsline, outlines the general health and safety requirements for flats and apartments. The following summarises the main health and safety regulations that apply to blocks of flats but there are many others. When dealing with these issues, it is important to remember that: The duty to comply with the regulations
What does buildings insurance normally cover? Belinda Thorpe, Managing Director of Residentsline, tells us what we need to know. Did you know the average claim for a burst pipe is around £25,000? Buildings Insurance covers the cost of repairing or rebuilding your flat or apartment and communal areas if they are damaged. Policies vary from
How to make sure your claims are handled quickly Insurance is a “distress purchase”: you only need to use it when something goes wrong. So when something does go wrong, what can you do to make sure that your claim is handled quickly? Some simple steps can help you control costs and have your claim