Block of Flats Buildings Insurance

When many people think about buying a property, they mainly tend to think about buying a property in order to rent it out. They often think of a single property or a single flat. Only a few consider that there are some business people and investors who own blocks of flats. The owner might want to protect their blocks of flats rather than anything else. A block of flats insurance in Birmingham  provides home-owners or freeholders a peace of mind that their property would be reinstated to the previous condition in case of a future unanticipated problem that might affect their building. The insurance is designed to into consideration the unique elements involved in renting or leasing out flats in an entire block. It’s however very important to remember that even the best insurance policy may not cover all the eventualities that might occur in the future. The insurance will certainly not cover certain problems such as maintenance issues. Even with this type of insurance policy th

If you are a home-owner and you own a house, it's very simple to ensure it against all kinds of risks. All you need is building insurance that would cover bricks and mortar. You may also be in need of a content insurance cover to protect your personal belongings. Things are a little bit different in the insurance for flats . If you live in a flat you can skip the building insurance but you still need a content cover. If the flat you are living in is leasehold flat then the building should be insured by the landlord who owns the freehold. In most cases, it's not your responsibility to take a building cover for the flat although one might be paying for premiums through the service charges. Over the years, there is an increase in the number of leaseholders who have come together so as to buy a share of the freehold. This certainly gives you a little more power and control over the property but you will have more responsibilities such as getting the building insurance cover.