High-Rise Block Insurance
Tailored insurance solutions for high-rise apartment blocks, residential towers and multi-storey developments. Whether you are a freeholder, Residents’ Management Company (RMC), Right to Manage (RTM) company, managing agent, landlord or property owner, we can help arrange specialist insurance to protect your building, residents and investment.
- FCA Regulated
- UK Wide Cover
- Expert Brokers
- Fast Quotes
INTRODUCTION
What is High-Rise Block Insurance?
High-Rise Block Insurance is specialist insurance designed for residential buildings that contain multiple flats or apartments across several storeys.
High-rise blocks can have more complex construction, fire safety arrangements, communal facilities and management responsibilities than smaller residential buildings. These characteristics can create insurance requirements that may not be adequately addressed by a standard buildings policy.
A suitable insurance policy can help protect the structure of the building, communal areas, legal liabilities and the financial interests of those responsible for owning or managing the property.
COVERAGE
What Does High Rise Flats Insurance Cover?
Who Is It For?
Who Needs Listed High Rise Flats Insurance ?
Why Do High-Rise Blocks Require Specialist Insurance?
High-rise residential buildings can involve additional risks and complexities that need to be considered when arranging insurance.
These can include:
- Higher potential rebuilding costs
- Complex fire safety systems
- Multiple residential units
- Passenger lifts
- Underground or covered car parks
- Communal facilities
- Cladding and external wall systems
- Building management responsibilities
The combination of these factors can make high-rise properties more complex to insure. A specialist policy can be structured around the individual characteristics and risks of the building.
Buildings Insurance for High-Rise Blocks
Buildings insurance is a fundamental part of High-Rise Block Insurance and can help protect the physical structure and permanent features of the property.
Depending on the policy, cover may include:
- Roofs, walls and foundations
- Structural components
- Communal hallways and stairwells
- Passenger lifts
- Reception and entrance areas
- Shared facilities
- External structures
- Permanent fixtures and fittings
If the building suffers damage as a result of an insured event, the policy can help towards the cost of repairs or rebuilding, subject to the policy terms, conditions and limits.
Property Owners' Liability Insurance
Owners and managers of high-rise residential blocks have responsibilities for maintaining the building and its communal areas in a safe condition.
Property owners’ liability insurance can provide protection against claims where someone suffers an injury or their property is damaged in connection with the building.
Claims could potentially involve:
- Residents
- Visitors
- Contractors
- Members of the public
This cover can provide valuable financial protection if a third party makes a claim or legal proceedings are brought against those responsible for the property.
Loss of Rent Protection
If an insured event leaves all or part of a high-rise residential block unfit for occupation, loss of rent cover can help protect rental income while repair work takes place.
This can be particularly important for landlords and property investors whose income depends on the continued occupation of flats within the building.
The exact level and duration of protection will depend on the policy terms and conditions.
Types of High-Rise Buildings We Cover
We arrange insurance for a wide variety of residential developments, including:
HOW WE ARE DIFFERENT
Why Choose WS Insurance?
Frequently Asked Questions
A high-rise residential building is generally a multi-storey property containing residential accommodation across several floors. The definition of a high-rise building can vary depending on the context and applicable regulations.
Yes. Buildings containing passenger lifts can often be insured. The number of lifts, building design, usage and other characteristics may be taken into account when arranging cover.
Property owners’ liability can be included as part of a High-Rise Block Insurance policy. The exact protection available will depend on the policy selected and its terms and conditions.
Yes. Modern apartment towers and purpose-built high-rise residential developments can be insured through specialist insurance arrangements. Factors such as construction, occupancy, height and building systems may be considered when obtaining a quotation.
Looking for High-Rise Block Insurance?
Whether you own a modern apartment tower, manage a multi-storey residential block or have responsibility for a high-rise mixed-use development, WS Insurance can help arrange specialist High-Rise Block Insurance designed around your property.
Our team works with specialist insurers to source competitive quotations and suitable cover for high-rise residential buildings, helping protect your property, residents and financial interests.
Contact us today to discuss your requirements and obtain a competitive High-Rise Block Insurance quotation.