There are numerous things you need to consider when it comes to block of flats insurance. We have outlined top tips below for maintaining your property:
- Trees – ensure there are no falling branches or trees that can cause damage
- Are there any lifts in your property? – laws will require you to have these inspected often
- Is your flat in good state of repair? – contracts require the property needs to be well maintained
- Are contractors insured? – any work being carried out will need the contactor to be insured
- Flat roof? – you may need to have the roof inspected if it’s stated in your freeholder building insurance documents
- Fire risk assessment – this is legal requirement for commons areas of the flat
- Is the flat unoccupied? – you may need to inform your broker if so
- Reduce risks of public liability claim – pathways must be clear from hazards. It’s also worth checking for broken slabs and ice in the winter which may cause falls
- Check you have not underinsured your building insurance for a block of flats– check sums and have valuation updated regularly. The cost of being underinsured can be disastrous. We are always here if you need any advice on this.
- Is the flat listed? – if so, it needs to be declared to your broker. Listed properties can quite often have a higher rebuild cost due to the specialist materials that are needed. There are also regulations which protect architectural and historical significance, and alterations can’t be carried out on building works without proper consent.