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Buying Blocks of Flats Insurance in London: Key Risks and Costs

Property Insurance Centre

Many insurers require more detailed valuations and risk assessments due to the higher sums insured. Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns.

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Can I Insure My Block of Flats if I’m Not the Freeholder?

Property Insurance Centre

The quick answer is yes, you can insure your block of flats even if youre not the freeholder, but the process and your responsibilities depend on your ownership type and lease agreement. Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building.

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Can I Insure a Partially Empty Block of Flats in the UK?

Property Insurance Centre

Because of these risks, many standard building insurance policies may not fully cover an unoccupied flat for extended periods, typically beyond 30-60 days. Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE What Type of Insurance Do You Need?

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

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. What is Covered?

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first.

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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. Fire and Smoke Damage One of the most significant risks to any business, fire can destroy buildings, equipment, and inventory.

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How to Not Suck at Being an Insurance Agent

Redbird Agents

If you have exhausted your existing customers, pick up the phone and start working on calling your target centers of influence to build your referral channels. Long term, if you don’t make friends with the phone you have little chance of success selling insurance. Why do so many insurance agents quit?