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Block Of Flats Insurance Broker
Block Of Flats Insurance
If you’re a landlord of a block of flats, you will need specialist cover to protect you financially from all the risks that you’re exposed to. Whether you’re a landlord or a management company, East Yorkshire Insurance Brokers are here to help you get the correct insurance for blocks of flats so you can get peace of mind that if something happens that’s out of your control, you’re financially protected.
Get in touch for a free block of flats insurance quote today.
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What Is Block Of Flats Insurance?
What Is It?
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For A Block Of Flats Insurance Quote, Choose EYIB
Why Choose EYIB
We're Connected
At East Yorkshire Insurance Brokers we work with more than 300 insurers over different commercial insurance industries. This means that when you choose us we can find the right cover for you.
We're Experienced
Our MD John has over 15 years of experience arranging cover for landlords, and EYIB has been running for over 5 years. You can trust us to sort your block of flats insurance.
We're Trusted
More than 250 landlords and businesses already place their insurance through EYIB. When you choose us, you can be confident that we have your best interests at heart.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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Insurance For Block Of Flats Covers:
What’s Included?
Buildings insurance for blocks of flats
Buildings insurance for blocks of flats covers the repair or rebuild costs as a result from perils such as a fire, storm, flood or escape of water. These events are out of your control, and if you don’t have the correct cover and an unpredictable event like this happens, your finances will take a huge hit.
Loss of rent for block of flats
If damage makes the flats unfit to live in, loss of rent cover helps to replace the rental income you would have received while repairs take place. For landlords who rely on this income, this insurance for block of flats can be the difference between coping with a major claim and struggling to keep the property.
Loss of rent for block of flats
Alternative accommodation
When tenants have to move out because of insured damage, alternative accommodation cover contributes towards rehousing costs. As a landlord, this is your responsibility so having this cover in place means the costs for rent or hotel bills aren’t coming solely out of your own pocket.
Property owners’ liability
Property owners’ liability protects you if a tenant, visitor, contractor or member of the public is injured or their property is damaged and they blame a defect in the building. As a landlord, you can be found liable if an accident happens on your premises, this policy will cover the legal defence costs and compensation in this scenario.
Property owners’ liability
Contents insurance for block of flats
Contents insurance covers the cost of your furniture and fixtures in the property if they are damaged in a fire for example or they’re stolen. These could be expensive to replace, so this cover ensures that you’re not having to pay for this all on your own.
How Much Does It Cost?
The cost of insurance for a block of flats varies from landlord to landlord. How big your policy is will depend on how big the premises is and how many tenants are living there etc. If you want more of an accurate answer, get in touch with East Yorkshire Insurance Brokers for a free block of flats insurance quote today!
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How Much Is Block Of Flats Insurance?
How Much Does It Cost?
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Do I Need Insurance For Block Of Flats?
Do I Need It?
It’s highly recommended that you have specific landlord insurance for blocks of flats. Standard home cover is not designed for multiple tenancies, shared entrances and higher potential claim costs. Accidents can happen at any time and other unforeseen events like a flood or fire are just as unpredictable. If something like this does happen and you don’t have the appropriate cover, the costs can be devastating and could result in you losing the property if you can’t afford the financial repercussions. Having a block of flats insurance policy gives you peace of mind that if something does occur, you’re prepared.
An Example Of Block Of Flats Insurance In Action
Dave owns a three storey block of flats. During a particularly cold winter a pipe bursts in the roof and water escapes through several ceilings overnight. By morning three flats are uninhabitable and the communal electrics have to be isolated. But Dave had arranged block of flats insurance prior to this incident which covered the cost of repairs, loss of rent while tenants moved out and the cost of temporary accommodation. This meant Dave’s finances were protected and he was able to fix the damage in a timely manner instead of having to find the money to pay for it himself.
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Potential Claims Block Of Flats Insurance Will Protect You From
Landlord Claim Examples
A tenant trips on a loose step in the communal stairwell, fractures their wrist and claims you failed to maintain the stairs. Property owners’ liability under your policy deals with legal defence and any compensation should it have to be paid.
A fire starts due to an electrical fault in one flat, and quickly spreads throughout the building. Buildings insurance for blocks of flats covers the costs of repairing the damage, and loss of rent covers the income lost whilst tenants are moved out.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Meet Your Block Of Flats Insurance Broker
Your Dedicated Insurance Broker
Meet John, our MD and your dedicated block of flats insurance broker. John has been arranging residential landlord insurance, HMO cover and block of flats policies for over 15 years and understands how these differ from single-let houses. He will take the time to understand your specific risks and find you a policy that meets your needs. If you’re a landlord and need your current policy looking at, get in touch with East Yorkshire Insurance Brokers for a free block of flats insurance quote today and get peace of mind!
Is block of flats insurance the same as standard landlord insurance?
No. While both protect rental property, block of flats insurance is designed for multiple units in one building with shared areas, higher rebuild values and more complex loss of rent scenarios than a typical single-let house.
Is block of flats insurance the same as standard landlord insurance?
Does block of flats insurance cover tenants not paying rent?
Loss of rent under a block of flats policy usually responds when the building is uninhabitable after insured damage.
How much to insure a block of flats?
Many factors influence the cost of block of flats insurance. Getting in touch with a broker like EYIB can provide you with a block of flats insurance quote so you get a more accurate idea of how much your policy will be.