Block of Flats Insurance

Protect multiple properties under one policy

Block of flats insurance is a type of building insurance designed to protect residential buildings containing multiple flats under a single policy. It can be suitable for freeholders, leaseholders, landlords and property managers, with coverage typically including the building structure, property owners' liability and loss of rent.

A block of flats insurance policy typically includes protection for:

The building structure
Roofs, walls and foundations
Communal areas and shared facilities
Fixtures and fittings

Property owners' liability
Alternative accommodation costs
Loss of rental income following an insured event
Accidental damage (subject to policy terms)

Speak to a block of flats insurance specialist.

Block of flats insurance from Gallagher

Our specialists work with insurers experienced in residential property risks, helping secure suitable and cost-effective cover for buildings ranging from two flats to developments of up to 200 units.

From converted properties and listed buildings to purpose-built developments and large apartment complexes, we help arrange residential block insurance for a broad range of properties. If you're a freeholder or joint freeholder responsible for a residential building, you may wish to explore the benefits of our freeholders buildings insurance.

Additional coverage options

Alongside standard block of flats insurance cover, optional protections can be added to help address specific legal, financial and property-related exposures.

Legal expenses

Will provide you with legal advice with a 24 hour helpline as well as cover for legal costs.

Directors’ and Officers’ (D&O)

Decisions you make, whether as a director or an officer of a business, can resurface months or even years later in the shape of a personal claim against you. D&O insurance can help protect your personal assets in the event of legal action.

Terrorism cover

Every business and individual is at risk from terrorist attacks, and not just in capital cities. A lone terrorist, armed only with one car or handheld weapon, can cause widespread injury and property damage.

These are brief product descriptions only. Please refer to the policy documentation paying particular attention to the terms and conditions, exclusions, warranties, subjectivities, excesses and any endorsements.

Dedicated claims management support

Our UK-based, in-house claims team specialises in block of flats insurance claims. Should you need to make a claim, your allocated specialist claims advisor will support you step by step, from first notification to claims settlement. Working together with our insurer partners, we aim to make your claims experience as quick and easy as possible.

Why choose Gallagher for block of flats insurance

Gallagher is one of the leading insurance brokers with a dedicated team of property insurance specialists. We have strong relationships with insurers who have an appetite for underwriting block of flats insurance, allowing us to access the open market to secure suitable and cost-effective cover for you. For clients with wider property portfolios, we can also provide real estate insurance.

Beyond arranging your insurance protection, we can help you identify and manage property risks, supporting you in protecting your building, residents and long-term investment.

Block of flats insurance: Frequently asked questions

Please note that these frequently asked questions are not a substitute for the policy wording. For full terms and conditions, please see the policy documentation.

How much does block of flats insurance cost?

How much you pay for block of flats insurance can depend on several factors, such as:

Geographical area: Properties in areas prone to natural disasters (e.g., flooding, storms) or high crime rates may have higher premiums
Local building costs: Areas with higher construction and labour costs can increase insurance premiums because of added rebuilding expenses
Size and number of units: Larger blocks with more flats usually have higher premiums due to the increased risk and potential cost of claims
Age and condition: Older buildings or those in poor condition may require higher premiums because they may be more susceptible to damage and expensive to repair
Building type: Purpose-built blocks, converted properties, and listed buildings have different risk profiles and associated costs
Level of coverage: Higher coverage limits and additional optional coverages (e.g., higher liability limits, comprehensive contents insurance) can increase premiums
Excess amount: Choosing a higher excess (deductible) can lower premiums, while a lower excess can increase them
Tenant type: Properties with professional tenants may attract lower premiums than those with students or short-term lets, which can be considered higher risk
Vacancy rate: Blocks with higher occupancy rates may have lower premiums than those with high vacancy rates, which can increase the risk of damage or vandalism
Security features: Properties with robust security measures (e.g. CCTV, secure entry systems, and alarms) can benefit from lower premiums due to reduced risk of theft and vandalism
Previous claims: A history of frequent or extensive claims can increase premiums, indicating a higher risk to the insurer

Is block of flats buildings insurance a legal requirement?

It’s not a legal requirement, but many property owners, including leaseholders who own flats and apartments, choose to take out buildings insurance to cover themselves against the cost of repairing damage to the building following an insured loss. It’s usually a requirement of your mortgage lender that you adequately insure the building and without evidence of insurance, you may be unlikely to get a mortgage.

Is the leaseholder responsible for arranging buildings insurance?

The lease will stipulate who must insure the building. This normally states it is the freeholder’s responsibility, who will arrange the insurance and then include the cost in the service charge. However, many leaseholders do combine and form a Right to Manage (RTM) company or Residential Management Company (RMC). As part of this, they can elect to arrange the insurance themselves in the company name.

Do I need directors and officers cover as a director of a Right To Manage or Resident Management company?

If you're a director or officer of a right-to-manage or residents' association, you can be held legally liable for mistakes or oversights in the running of your company or association, even if you're a volunteer and not being paid. This could expose you to personal financial loss, which could be substantial. A directors and officers insurance policy can help protect you from this loss.

Block of flats insurance solutions designed for your property
Standard protection with optional add-ons available
Decades of experience in leaseholder buildings insurance
UK-based team offering seamless claims support

Block of Flats Insurance Team

0800 612 8631

Block of Flats Insurance

Dedicated block of flats insurance for residential property owners

Start your journey with us today.
Call us on 0800 612 8631