Block of flats insurance is a policy designed to cover buildings that contain two or more separate residences. It protects the building structure, common areas, and shared facilities against risks like fire, flood, and vandalism. It also provides liability cover for incidents affecting tenants or visitors.
Insurance for blocks of flats
- £5 million property owners liability cover as standard
- Option to include residential and commercial properties within one policy
- Bespoke cover enhancements exclusive to Marsh Commercial
- 24/7 claims service
- Multiple payment options
Why choose Marsh Commercial?
Taking on the responsibility of insuring a block of flats can feel daunting, especially with the variety of policies available, but that’s where we can help, to ensure you are obtaining the right cover. If your building has two or more separate residences, it’s classed as a block of flats to insurers. Typically, you’ll want cover that protects both you and your tenants against damage to the property and any legal claims that might arise.
Insurance for blocks of flats can be tricky because of the different ownership and management arrangements. For example, if you are the freeholder of the entire building it is usually your responsibility to arrange the insurance for that block. As an individual leaseholder of a flat, you would likely be looking to arrange cover for your contents and loss of income, if you let the property out.
You may also want to include financial protection such as loss of rent and emergency accommodation costs if your block becomes uninhabitable. These can all be combined into a single policy, giving you and your tenants peace of mind.
Speak to our property professionals who can help guide you on what cover you need.
Get in touch with our block of flats insurance team today for a free, no-obligation quote.
Available covers*
Property owners insurance has been specially designed so that all of your properties are protected under one policy, regardless of use. This means that if you own or manage both residential and commercial properties, with us these can be insured together, saving you time and money. There’s no need to juggle multiple policies with us on your side.
With our unique and comprehensive policy wording, we can offer you the best possible protection for your buildings, loss of rent, alternative accommodation and legal liability including:
- All risks cover including theft, subsidence and glass (subject to certain exclusions)
- Day 1 uplift inflation protection (up to 50%)
- Franchise excess for claims above £5,000
- Contents of communal areas
- Property owners liability automatically included with a limit of indemnity of £5 million
- Alternative accommodation – 20% to 35% of buildings sum insured
- Malicious damage by tenants
- Claims preparation fees
- Eviction of squatters
- Illegal cultivation of drugs
- Property valuation service.
* As with all insurance policies, terms and conditions apply. Contact us for full details.
Get in touch with our block of flats insurance team today for a free, no-obligation quote.
Block of Flats Insurance FAQs
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It is typically the freeholder’s responsibility to arrange insurance for the block of flats. If you own a flat within that block, your interest should usually be noted on the freeholder’s policy. If you furnish your flat you may look to take out contents cover, cover for loss of rent and rent guarantee; all of which we can help you with.
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Yes. Legal expenses cover can help with costs related to contract disputes, tax and VAT investigations, repossession, eviction of squatters, and other legal matters that may arise from renting out your property. Most of our insurers include this as standard but if not, it can be added for an additional charge.
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Every property and landlord’s situation is different. Our experts will assess your needs and guide you through the available options to find the right combination of cover that protects your investment and meets any lender requirements.
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Simply contact our property insurance team for a free, no-obligation quote. We work with a panel of insurers to find competitive prices and tailored cover for your property.