Browsing: Buying Insurance for your Block

Insuring a block of flats or a building converted into flats is very different to insuring other types of property.

When a Residents’ Management Company (RMC) engages a contractor to work on its premises there will normally be agreed terms.

You probably wonder when you ring around to review your insurance premium why you are given so many different premiums, for the same block.

Whether you employ anybody is a question probably posed at many Residents’ Management Company (RMC) meeting.

Imagine whilst fulfilling your duties as an RTM director, you are faced with the prospect of all of your personal assets being at risk.

If your premises contain lifts and/or boilers and/or electrical or electronic machinery, cover is available to protect your RMC.

A new Insurance policy “Lessees Fixtures and Improvements” covers accidental loss or damage to leaseholders’ fixtures and improvements.