It’s no secret that prices are going up.
From food basics to fuel to clothing; everyone is feeling the effects of inflation. Insurance companies are not immune to the situation either, and that unfortunately means that premiums are creeping up and up in many cases.
Here we’ll be explaining what is causing the price hikes as well as what you can do as a consumer to make sure you’re not paying over the odds.
We all know about the usual policies needed to protect your block: Buildings Insurance, Directors and Officers Liability (if you’re an RMC) and specialist cover for features such as lifts and swimming pools etc. But have you protected your building and it’s residents against the unexpected?
Here’s we’ll detail the London Flats Insurance policies that are too often left on the “it’ll probably never happen” pile, which can sometimes lead to huge financial outlays when these rare incidents do occur.
Wanting to lower costs, one area to cut back on is the cost of reinstatement cost assessments – hence rise in popularity of ‘desktop’ RCAs.
It’s your responsibility to choose an accurate, full coverage policy that will pay out correctly should the worst happen.
As an RMC Director, Property Manager or Right to Manage Company, you will be on the front line for service charge enquiries. Residents are likely to be receiving higher bills than usual, largely due to insurance costs. Buildings Insurance is often the highest cost listed on the service charge breakdown and prices are creeping up and up.
When it comes to insurance, it’s no secret that premiums have been creeping up in price.
The Cladding Crisis is a multi-faceted issue with safety and financial concerns front and centre.
Index Linking (also known as Indexation) is “the adjustment of an asset’s value to reflect inflation and deflation”.
Zoe Davenport, Appraiser for BCH and leaseholder, writes with a unique perspective on the issue of premiums and insurance valuations.
Belinda Thorpe at Residentsline, explains our Roads and Private Estates cover for those in need of a bespoke quote for their gated block.
