Block of Flats Insurance Quotes

The cost depends on factors such as the rebuild value, number of flats, construction type, tenant profile, and location. Small converted blocks may cost a few hundred pounds per year, while large or high-risk blocks can cost significantly more.

Policies are designed to protect the building itself, shared areas, and legal liabilities. This commonly includes the structure, communal spaces, fire damage, escape of water, subsidence, storm damage, and property owners’ liability.

Yes. The policy applies to the entire building, including individual flats and shared areas. Leaseholders usually arrange their own contents insurance unless their lease specifies otherwise.

Insurers typically accept purpose-built blocks, converted houses, maisonettes, mixed-use buildings, student accommodation, and blocks with ground-floor commercial units, subject to risk assessment.

Yes. Shared spaces such as hallways, stairwells, lifts, bin stores, gardens, and entryways are included as part of the building’s policy.

Insurers assess:

• Rebuild cost

• Number of flats

• Construction materials

• Tenant types

• Fire protection and security

• Claims history

• Location and flood risk

Some insurers accept short-term or serviced lets, but they are often considered higher risk. Any holiday or short-let use must be declared to ensure the policy remains valid.

Many policies include subsidence, but higher excesses or specialist terms may apply, particularly in high-risk areas or for older properties.

No. The policy is usually arranged by the freeholder or managing agent, with costs recovered through service charges paid by leaseholders.

Accidental damage is often included with comprehensive policies, though some insurers offer it as an optional addition depending on the building and risk profile.

Yes. Escape of water from pipes, tanks, or appliances is one of the most common insured risks, though insurers may expect regular maintenance to be carried out.

Yes. Blocks with professional tenants, students, DSS tenants, HMOs, or mixed occupancy can be insured, although pricing and terms vary depending on risk.

Yes. Property owners’ liability protects against claims if someone is injured in communal areas or if the building causes damage to third-party property.

Yes. Converted properties are common, but insurers may request details on fire separation, construction standards, and compliance with building regulations.

Yes. Roofs, external walls, windows, and permanent outbuildings form part of the insured structure, including damage caused by storms or impact.

You will usually need:

• Number of flats

• Rebuild cost

• Construction details

• Tenant types

• Claims history

• Fire and security measures

• Year built or conversion details

Many policies include protection for lost rental income or temporary accommodation if the building becomes uninhabitable following an insured event.

Yes. Most insurers offer monthly instalments through a finance agreement, subject to approval and interest charges.

Costs can often be reduced by improving fire safety, maintaining the building, installing secure access systems, keeping claims low, and ensuring the rebuild value is accurate.

NLA – The National Landlords Association – The National Landlords Association (NLA) and the Residential Landlords Association (RLA) announced today (August 29th 2019) their intention to unite to create a single organisation for landlords after more than 20 years of friendly competition.

ABI –  Association of British Insurers – The Association of British Insurers is the leading trade association for insurers and providers of long term savings. … need to contact their insurer for a Green Card which they will need to carry on them if they wish to drive their vehicle in the EU.

BIBA – British Insurance Brokers’ Association – The British Insurance Brokers’ Association (BIBA) is the UK ‘s leading general insurance organisation.