Block & leasehold insurance

You must have this cover active at all times to protect your home and mortgage.

• The law requires the building to be safe and insured.
• Renew the policy every year to stay protected.
• Check your rebuild costs every three years.
• Update the cover if you change the building layout.
• Freeholders must show residents the policy details annually.
• As a guide, expect costs based on the building size.

Insurance is usually sorted online or over the phone without a visit.

• You will share details about the building materials used.
• Tell the broker how many flats are inside.
• Share the history of any past claims made.
• Mention safety features like fire alarms or sprinklers.
• A surveyor might visit to check the rebuild value.
• You will receive a certificate once payment is made.

Having the right policy gives every resident peace of mind.

• It protects your investment if the block is destroyed.
• You stay compliant with your mortgage company rules.
• Shared repairs are paid for by the insurance company.
• Legal fees are covered if visitors have an accident.
• It makes selling your flat much easier and faster.
• You avoid paying out of pocket for structural leaks.

Understanding your policy helps you avoid huge bills if things go wrong.

• Rebuild value is the cost of materials and labour.
• Communal areas include hallways, stairs, and the roof.
• Liability covers you if someone gets hurt on site.
• Market price is not the same as rebuild cost.
• Transparency means you can see where money is spent.
• Service charges usually include your share of the premium.