Block of Flats Buildings Insurance

Every block of apartments insurance brochure tells you that the policy will protect your flat and your personal belongings from unfortunate incidents such as flood, earthquake, storm, broken pipe and etc. However, flat insurance can include different coverage and general terms. For instance, if you are a tenant, you might not need a building insurance. Instead, having contents insurance is essentially important for you. However, if you are landlord, building insurance is a must for you. In this blog post, let’s focus on needs of people who have just rented the flat and wondering what kind of insurance they need.  Difference Between Building Insurance and Contents Insurance ·          Building insurance- general term used to describe the policy that covers permanent fixtures, kitchens bathrooms and sometimes outside building, such as garage. ·          Contents Insurance – describes insura...

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 polic...