Block-Management.com

All blocks of flats within the management company will need to be insured on a comprehensive block insurance policy and are required to be insured for full reinstatement value of all the properties, communal areas and structures.

The policy should cover fire and all perils and certainly in some cases where properties are located near city centres, cover against terrorism should be considered.

It would also be a good idea to ensure that the policy includes public liability for the common areas of the development and also under a separate policy, Directors liability insurance.

Subsidence, ground heave and landslips should also be included on the policy and often this is included without any additional premium, however there is usually a larger excess of possibly up to £1,000.00, should there be a claim.

Any residents who need to make a claim, would be given a direct claim hotline number with the insurance brokers. This would enable them to get the advice that they require and allow the insurers to deal with their claim directly and to their own satisfaction.