Professional Organiser for Property Management… by PleaseOrganiseMe
Block of flats insurance is the kind of insurance designed for a wide range of property type including houses that have been converted into flats or any other large built blocks. This policy can be arranged for leaseholders, free lease holders or management companies whose intention is to ensure that the property in question is fully covered.
Block of flats insurance cover may be arranged to cater for the risks of fire, floods, storm, escape of water and subsidence. There are a number of firms that cover a number of emergencies such home security, main heating breakdown. In addition, some firms provide protection to all types of residential tenants. They also cover the existing tenants so that if any of them refuses to pay rent, they take charge. They cater for eviction cost and the monthly payable rent until when the tenant is successfully evicted.
The cost of covering the flats will mostly depend on the type of flats to be covered and the number of units to be covered. Once you contact an insurance firm with an intention of having the property covered, they will send a team of surveyors to asses and carry out valuations aimed at helping them cost the cover. This is mandatory in an effort to avoid instances of under insuring the property
If you own a block of flats, do not make mistakes when looking for an insurance company to cover your property. Choose an insurance company that gives you the quote as soon as they survey the property.
A company that can cover the entire structure, interior and exterior area as well as communal area can be an ideal one. A company that covers a wide range of perils; fire, flood, storm damage and many others should be considered. Take your time before you start paying for the cover.