Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: - Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. This will afford you adequate insurance cover to [...] The post Top Building Insurance Pitfalls To Trigger F.O.M.O. appeared first on Property Insurance Centre ..read more

What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant [...] The post Purpose Built Flats Insurance and Lift Insurance Policy? appeared first on Property Insurance Centre ..read more

What the Grenfell Findings May Mean For Blocks of Flats Insurance In the wake of the Grenfell Tower tragedy, the insurance industry for blocks of flats is facing a seismic shift. The Grenfell Inquiry has exposed systemic flaws in fire safety regulations, testing, and certification processes, raising crucial questions about how buildings are insured [...] The post What the Grenfell Findings May Mean For Blocks of Flats Insurance appeared first on Property Insurance Centre ..read more

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of [...] The post Cornershop Insurance and BT Redcare Alarm changes appeared first on Property Insurance Centre ..read more

Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. (This does not apply when an actual fire has been reported.) It has been found that 99% of alarms at commercial [...] The post Automatic Fire Alarms in Commercial Properties New Rules 2024 appeared first on Property Insurance Centre ..read more

How to get Empty Office Insurance Empty office Insurance If you are a property owner of an office. You will want to make sure you have the right policy in place that will cater for your particular requirements. If  that office becomes empty, whether it be short term or on a longer term basis, [...] The post Empty Office Insurance appeared first on Property Insurance Centre ..read more

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards. Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. This marks the second consecutive year that Aspray has achieved this remarkable accolade, underscoring the company’s exceptional service and dedication to excellence in the industry. Get a Quote Insurance under one roof We are specialists ..read more

Block of Flats Insurance Glossary of Terms Understanding the Declared Value The Declared Value is a figure that represents the rebuild cost of a block of flats or property converted into flats, including garages, outbuildings, walls, car parking, electronic gates, etc., if it was completely destroyed. It is the cost of the materials and labour required to reinstate the property to its previous condition. The Declared Value should also include an allowance for the cost of debris removal, architects, and other professional fees that could be incurred in rebuilding. This figure is sometimes refe ..read more

The Insurance Act 2015 IMPORTANT INFORMATION – PLEASE READ Duty of Fair Presentation The Insurance Act 2015 imposes an obligation on all policyholders to “make a fair presentation of the risk” prior to the policy commencing. A fair presentation is one that discloses, in a manner that is reasonably clear and accessible, every material circumstance which is known or ought to be known, by the policyholders senior management or those responsible for arranging the insurance, following a reasonable search. A material circumstance is anything which would influence the judgment of a prudent insurer ..read more

Tower block insurance finally reduced in United Kingdom Did you know that flat owners in buildings affected by Grenfell-style cladding have seen their insurance premiums rise by up to 400% in just one year? This alarming statistic has put financial strain on leaseholders, making it crucial to find a solution to lower insurance costs for blocks of flats and residential buildings. Key Takeaways: The introduction of the Fire Safety Reinsurance Facility aims to tackle the eye-watering insurance bills faced by flat owners in buildings with cladding and fire safety issues. The scheme, set to come ..read more