Terrorism Insurance for Blocks of Flats
Protect your residential property against the financial impact of terrorism-related damage with specialist Terrorism Insurance. Whether you own or manage a block of flats, apartment building, mixed-use development, or residential investment property, we can help arrange tailored cover to safeguard your building and financial interests.
- FCA Regulated
- UK Wide Cover
- Expert Brokers
- Fast Quotes
INTRODUCTION
What is Terrorism Insurance?
Terrorism Insurance is specialist property cover designed to provide protection against damage and financial losses resulting from insured acts of terrorism.
Standard buildings insurance policies may exclude terrorism-related risks or provide limited protection. A dedicated terrorism policy can help provide additional protection for the physical building and, where included, associated financial losses.
For owners and managers of residential blocks, particularly properties in larger towns and cities, specialist terrorism cover can provide valuable additional protection.
COVERAGE
What Does Terrorism Insurance Cover?
Damage to the insured building caused by acts of terrorism
Repair or rebuilding costs
Communal areas and permanent fixtures
Debris removal
Professional fees associated with rebuilding
Loss of rent following an insured event
Alternative accommodation costs (where applicable)
Who Is It For?
Who Needs Terrorism Insurance ?
Why Consider Terrorism Insurance?
Although terrorism incidents are relatively uncommon, the financial consequences of a serious incident can be substantial.
Damage to a residential building could result in significant repair or rebuilding costs, temporary relocation of residents, loss of rental income and other expenses.
Where terrorism is excluded from or limited under a standard property insurance policy, specialist cover can help address this potential gap.
Our team can assess your requirements and help you understand whether terrorism insurance is appropriate for your property.
Buildings We Can Help Insure
- Blocks of flats
- Apartment buildings
- Purpose-built residential developments
- Converted residential properties
- Mixed-use buildings
- High-rise apartment buildings
- Listed and heritage residential buildings
- Student accommodation
- HMO blocks
Each property has its own characteristics and risk profile, so cover is arranged according to the individual circumstances of the building.
Why Specialist Terrorism Cover Matters
Many property owners assume that their standard buildings insurance automatically provides protection against terrorism-related damage.
However, terrorism cover is not necessarily included within every standard property insurance policy and may be subject to specific exclusions or limitations.
A specialist Terrorism Insurance policy can provide additional protection against insured terrorism-related events, helping property owners manage the potentially substantial financial consequences of serious damage.
Our experienced team can help review your requirements and arrange suitable cover through specialist insurance markets.
What Can Affect the Cost of Terrorism Insurance?
- Property location
- Building size and value
- Number of residential units
- Construction type
- Occupancy
- Security arrangements
- Sum insured
- Claims history
- The level and scope of cover required
Providing accurate information about your property allows insurers to assess the risk and provide appropriate terms.
HOW WE ARE DIFFERENT
Why Choose WS Insurance?
Frequently Asked Questions
Not necessarily. Terrorism cover may be excluded, limited or subject to specific terms under a standard buildings insurance policy. A separate terrorism policy or extension may be available to provide additional protection.
Terrorism Insurance may be appropriate for freeholders, landlords, property investors, RMCs, RTM companies, managing agents and owners of residential or mixed-use buildings who require protection against terrorism-related property risks.
No. Terrorism Insurance is not limited to properties in city centres. The availability and cost of cover will depend on factors such as the property’s location, size, value, construction, occupancy and the insurer’s assessment of the risk.
Potentially, yes. Terrorism cover may be available as an extension to an existing property insurance programme or through a separate specialist policy. The options available will depend on your existing cover and the insurer.
Loss of rent may be included or available as an additional cover, depending on the policy. Where included, it can help protect rental income following an insured terrorism-related event that makes the property uninhabitable.
Yes. Mixed-use buildings containing both residential and commercial units may be eligible for specialist terrorism cover. Insurers will consider the property’s residential and commercial occupancies when assessing the risk.
Yes. Converted and non-standard properties may be eligible for specialist terrorism cover, subject to the insurer’s underwriting requirements. Factors such as construction, occupancy, location and building value may be considered.
It can be an important consideration where terrorism is excluded or limited under an existing property policy. Specialist cover can provide additional financial protection against potentially significant damage and associated losses resulting from an insured terrorism-related event.
Looking for Terrorism Insurance?
Whether you own a small block of flats, a large residential development, or a mixed-use property, we can help arrange tailored Terrorism Insurance to provide additional protection against terrorism-related property risks.
Our team works with specialist insurers to provide competitive quotations and cover designed around the individual requirements of your property.
Contact us today to discuss your requirements and receive a competitive Terrorism Insurance quotation.