Residential Buildings Insurance Residential Buildings Insurance is for landlords that own – unsurprisingly – entire blocks of flats. The policy will provide comprehensive cover for the entire building, factoring in that the flats will either be leased or rented out by the freeholder. Block of flats insurance doesn’t just refer to residential blocks – […]
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What is meant by ‘buildings sum insured’? The Buildings sum insured shown in your policy schedule is the maximum amount the insurers will pay for rebuilding in the event of a loss. It should represent the total cost of re-building assuming a total loss, including damage to outbuildings, car parks etc, and should also have […]
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Does the block of flats cover include contents? This is an area where you need to be very careful, as policies vary enormously. The definition of ‘buildings’ includes permanent fixtures and fittings in the communal areas and in the flats. Most (but not all) policies automatically provide cover for communal contents in common areas, but […]
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Landlord and Tenants Act 1985 Section 30A: Right of leaseholders in respect of insurance. Gives leaseholders the following rights: Right to summery the insurance cover Right to inspect the insurance policy Right to information when there is a superior landlord. Right for a leaseholder to notify an insurer of a claim Right to challenge a […]
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