When you live in a flat the buildings insurance will either be arranged by the Residents Management Company (RMC) the Landlord, Freehold Company, Freeholder or Managing Agent.

The Buildings Insurance will need to provide cover for everything that is the responsibility of the RMC to insure.

Your policy should be index linked to ensure the Sums Insured remain adequate.

Please consider that that the Buildings Insurance is required to protect the investment of each flat owner and the cheapest insurance policy does not always contain the same cover – you tend to get what you pay for !!!

Check that your policy includes:-

• “All Risks” cover (incl Subsidence)
• Employers Liability Insurance
• Public and Property Owners Liability cover
• Alternative Accommodation or Loss of Rent
• Loss of Metered Water
• Cost of tracing leakage of oil or water
• Loss of or Damage to contents in communal areas
• Damage to underground Pipes and Cables
• Unrestricted cover on vacant or rented flats or apartments
• Damage to fixed glass, shower trays and sanitary fittings
• Storm damage to fences and gates
• Legal Expenses
• Replacement of communal door locks following theft of keys
• Loss of Residents Management Company cash.

Also always check that the description of the property insured is suitable for your RMC and includes everything including the outbuildings, gates, fences and underground pipes and cables that are the responsibility of the Residents Management Company to insure.

Most Residential Buildings insurance policies have a minimum of £1,000 subsidence excess, however the excess for all other damage is usually negotiable.

flat-living.co.uk recommends ResidentsLine who provide Residential Buildings Insurance for Flats and Apartments. The cover is provided by top UK Insurers and is currently the widest cover normally available. The premiums are very competitive and the service provided by ResidentsLine is second to none.

The Policies and Summary Documents for cover provided by Residentsline can be accessed from the following link: www.residentsline.co.uk/policies.htm

For a quote please complete the form on the ResidentsLine web site at: www.residentsline.co.uk/buildings_insurance.htm or send us an email at info@flat-living.co.uk and we will arrange for a Property Insurance Underwriter from ResidentsLine to contact you directly

IPT

All premiums will have Insurance Premium Tax at 5% applied to the net premium.

www.flat-living.co.uk is an Introducer Appointed Representative for Residentsline Ltd which is authorised and regulated by the Financial Services Authority