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Block Insurance


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My girlfriend has a BTL flat in a converted grade 2 listed mansion in Bristol. 

 

There are 5 flats in total, and the owners share the freehold (in a ltd co management company).  

 

The directors (all flat owners, mix of btl landlords and owner occupiers) have a Property Management company deal with block maintenance and insurance.

 

The insurance for the block/mansion..... is over £5000 per year. Remember, that's 5 (FIVE) flats. Buildings, plus a small amount of contents insurance (not sufficient for 5 flats).

 

Two questions;

 

1. I think that's an obscene price, and smell a rat.... Does this price seem reasonable to other hubbers?

 

2. Can anyone list some options for block insurance, ideally via a keen broker?

 

My thanks in advance

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  • 4 weeks later...

Hi James

That price suggests a rebuild cost of approximately £5million. Are they all mansion sized flats and listed? If not, then chances are you are paying a lot more than needed.

If interested, give me a call or email below and I'll sort out very high cover but at a market leading price. We insure a lot of blocks of flats!

Jason McClean

The Property Insurer

07734-113554

 

http://www.thepropertyinsurer.co.uk

http://www.thehomeinsurer.co.uk

http://www.smartlandlord.co.uk

 

The Property Insurer has one aim only – to be the leading specialist price comparison insurance website in the UK, providing the very best and most appropriate property insurance cover at the keenest price.

 

That’s our aim and we are not a big conglomerate that has hungry shareholders, we are a small company that is taking a long term sustainable approach to business that we think is responsible and will work for everyone we deal with, whether broker, insurer or customer.
Not being a conglomerate is a good thing for us all as we do not have huge overheads or costs to cover – that means lower cost of insurance for you.
Any comments or suggestions are gratefully received, please send to Jason@thepropertyinsurer.co.uk. Jason is a Director so when you get through to him, you can be sure you are speaking with someone who wants to listen and will do so very carefully.
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