What Does Apartment Building Insurance Cover?
Apartment building insurance helps protect the building, communal areas, and property owners against a range of risks. Whether you own a block of flats, apartment complex, or multi-occupancy residential building, having the right cover in place can help protect you from unexpected repair costs and liability claims.
Cover for the Building Structure
Most apartment building insurance policies cover the structure of the property itself, including:
- Roofs and walls
- Floors and ceilings
- Staircases and communal hallways
- Permanent fixtures and fittings
- Shared entrances and corridors
This protection can help cover the cost of repairs or rebuilding work following events such as fire, flood, storm damage, vandalism, or escape of water.
Protection for Communal Areas
Apartment block insurance can also include liability cover for communal and shared spaces. This is important if a resident, visitor, or contractor suffers an injury within areas such as:
- Car parks
- Stairwells
- Shared gardens
- Pathways and entrances
- Communal hallways
Liability insurance can help protect property owners against compensation claims and legal expenses.
Additional Insurance Cover Available
Depending on the policy selected, apartment building insurance may also include:
- Property owners’ liability insurance
- Loss of rent cover
- Alternative accommodation costs
- Accidental damage cover
- Subsidence protection
- Legal expenses cover
- Employers’ liability insurance where required
Tailored Insurance for Apartment Buildings
At Coversure, we understand that every apartment building comes with different risks and responsibilities. Whether you own a smaller block of flats or manage a larger apartment complex, our team can help arrange insurance cover tailored to your property and requirements.
