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Guide to Commercial Property Insurance
Commercial property or commercial landlord insurance is protection for property owners who are letting out to 3rd parties for commercial use. Your tenant is the business,...
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Specialist block of flats insurance whether you're freeholder and leaseholder or a management company.
Prefer to talk to someone? Call our commercial property team for a quote instead
We’re here for you Mon - Thu 8:30am - 7.00pm, Fri - 8:30am - 5.30pm, Sat 9:00am - 1:00pm
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What does insurance for a block of flats cover?
We provide a range of buildings cover to protect against fire, escape of water, accidental damage and more. If you have a history of subsidence we may be able to cover you for this too, in this case all we ask is that you get your property inspected so we can apply the correct cover. The contents of communal areas such as hallways can be included to cover reception desks, furniture and furnishings, plant pots etc.
We understand that being able to fix a problem quickly in a claims scenario may save you money and enable you to keep your tenants happy. If you suffer and incident where the claim exceeds £5000, this service will provide you with an appointed claims advisor within 24 hours; to organise alternative accommodation, surveyors, valuers and builders as required. If you choose Virtual Assist this will be arranged over the phone or with Towergate Assist, your loss adjustor will arrange a visit to the property. Please advise us if you would like to add either to your policy.
This cover applies in the event of damage by an insured peril, such as fire, prevents your tenant from inhabiting the property. It’s possible that part of your responsibility as a landlord, is to provide alternative accommodation for times where the building is not liveable. The insurance will therefore cover the cost of this accommodation while repairs are carried out, up to 20% of your total sum insured.
Many insurance providers can only cover ten flats per block. We however have access to a wide range of property insurers and therefore can help you find a policy for your block of flats, even if there are more than ten. Equally, if there is anything else unusual about your block of flats, our team are always happy to try to find a solution. Please note this does not extend to bedsits.
When you need to make a claim, we’ll guide you through the process and help get your claim settled as quickly as possible.
Generally, claims are ultimately settled by the insurer who administrates your policy. However, we will always be here to answer any questions you may have and help explain anything you may find to be complicated.
All you need to do to get the ball rolling is email us with; your policy number, a phone number to reach you on, details of your claim and photos where possible and relevant.
The claims team are available Mon - Thu 8:30am - 6.00pm, Fri - 8:30am - 5.30pm
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Block of flats insurance is designed for landlords who own and rent out entire blocks. They can host residential or commercial tenants and consist and insurance can cover both risks associated with the property and tenants.
The price of insurance for blocks of flats can vary quite considerably, as do the size and shapes of the buildings we can cover. It’s therefore hard for us to give a representative average cost of insurance. What we can do is go to a panel of insurers to establish the best deal based on your individual needs. Call our team to get started.
You can make a claim for loss or rent if your block of flats is uninhabitable because of damage or an accident covered by the policy. If you have this cover on your policy, not only will we pay loss of rent but also for the alternative accommodation of your tenants for the time they cannot inhabit the property.
With malicious damage cover in place, if a tenant causes deliberate damage to your building or your contents, you’ll be able to claim and we’ll do our best to recover the cost of the damage caused. However, malicious damage cover is rarely included as standard therefore you must request this cover to ensure it is included on your policy..
Yes, landlord portfolio insurance combines the insurance of all your properties on one policy. Having all of your properties insured together means one renewal date, one insurance provider and your policy will often be cheaper too.
If you want to know more about our monthly payment option, please read our dedicated page on Direct Debit.
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