Leasehold Block Insurance
Buildings insurance for blocks of flats and commercial premises is arranged for all of the units and is usually proportioned in the same way as the service charges.
The level of cover required for insuring blocks of flats and commercial property should be routinely evaluated by a surveyor for the total rebuild cost.
Policies can vary and the policy wording should be agreed to provide the cover required including consideration of the policy excess. A higher excess may give savings on the buildings insurance premium.