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” Plus, of course, the issue of homeinsurance and block of flats insurance costs, which in the UK increased by 21% year-on-year between July and September 2024, according to a report from Compare the Market. Some insurers might impose higher excesses or refuse coverage in high-risk flood zones.
Distinguished offers insurance for apartment building owners through our City Insurance Program and New York Brick & Brownstone Programs. These programs include insurance that is fit for apartment buildings of all sizes and types, including those where the owner lives on the premises.
Insurers view these uses as higher risk, which can lead to increased premiums or the need for specialist insurance policies. Crime Risk in Certain Urban Areas While overall crime in Manchester is lower than in London, some districts still report higher rates of burglary and vandalism, which can affect insurance costs.
3 The FTC says it’s fair to refuse a rental applicant based on low income, credit scores, eviction or crime history. 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.
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