All You Need To Know About Terrorism Insurance for Block of Flats
Terrorism insurance for blocks of flats -commonly known as 'blocks' in insurance is a product that is purchased by apartment’s owners so as to get coverage from losses that might occur in the event of terrorism activities. In most of the cases, terrorism insurance comes in the form of personal accident policies, and some of the insurance company offers the coverage as part of their package. Ensuring a block of flats from terrorism is very different from ensuring a single dwelling for many reasons. To begin with, a block of flats is regarded to be commercial premises in the insurance world and therefore additional risks makes it more costly compared to any other traditional houses. Before you decide to take a terrorism insurance cover, you should consider the following questions. Does your lease or lender require your building insurance to include terrorism cover? Terrorism insurance can sound a little bit extreme, but if your contractor or lender says that you...