Block Buildings Insurance Recommendations

[Deleted User]

Hi We have recently taken over the management of our flats and need to renew the buildings insurance soon,


we are 3 flats in a Victorian terrace and would be grateful for any good insurers recommendations.

kingstreet

As this is a commercial insurance proposition, a decent broker would be your best first port of call.

Avoid Swinton though.

PrivateClients

I am a broker and place most of our small stuff like this on a scheme with the AXA flats policy. I like their broker portal, it produces nice quotes, it's less hassle than a lot of others and its also quite cheap for an all risks policy, and you can add terrorism cover through Pool Re. If looking for a broker try the BIBA find a broker service.

If you want to have a go yourself you could always try someone like Rentguard or Vasek insurance who I think deal directly with retail customers. They are agencies so have one policy but the policy could potentially be underwritten by a range of supporting insurers which can help keep the price lower at renewal. It also means that your policy is likely to be ultimately underwritten by a decent insurer that you have heard of.

To be honest, a decent brokers will also have its own claims brokers to advocate for you in a claim, can produce split invoices for each leaseholder to pay their share, and can help calmly manage some more tense situations like in an escape of water claim where one flat affects the other.

Let us know how you get on!

[Deleted User]

Thankyou both I will use this advise.

LieselWinks

thanks for your post about axa flats. keen to get in touch and get a quote. new to the forum - is this allowed?