Belinda Thorpe, Managing Director at Residentsline explains you can do something about your buildings insurance premium.
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Buildings Insurance covers the cost of repairing or rebuilding your apartment and communal areas if they are damaged.
Buildings insurance is one of the main and highest value items in the service charge but also one of the most important item.
If your block is unable to obtain insurance that includes flood cover, it will become difficult to obtain a mortgage.
It is often a requirement in a lease for the landlord to maintain a comprehensive building insurance policy.
Ian Hollins of Clear Building Management offers advice to leaseholders and RMC directors struggling with spiralling insurance costs.
Possibly one of the most controversial subjects in flats insurance is the issue of commission and to whom it is payable.
Insurance is all about protection; safeguarding your property, your assets and your leaseholders if something unexpected happens.
When something does go wrong, what can you do to make sure that your block insurance claim is handled quickly?
There are two main methods used by Insurers to protect policyholders from the effect of inflation during the period of cover.