Apartment Blocks, due to their nature, require a specialised policy to cater for their unique requirements. We can arrange a tailored policy designed specifically to meet the insurance needs of apartment block owners. Such a policy should include the following:

Material Damage Cover

All Risks cover in respect of loss or damage to the apartment block(s) including perimeter walls, gates, fences and hedges, tennis courts, terraces, patios, drives and paths.
Provision should also be made for:

  • An inflation provision to protect against increases in rebuilding costs
  • Contents of common areas (individual owners / occupiers should arrange cover as required for the contents of their own units)
  • Trace & access cover in respect of escape or leakage of oil / gas / water
  • Damage to landscaping in the grounds of the apartment complex
  • Replacement of keys / locks
  • Fire brigade charges
  • Damage to metered utility supplies, underground services, cables, pipes and drains

Alternative Accommodation Costs / Loss of Rental Income

Cover in respect of the reasonable extra cost of alternative accommodation for any resident or the loss by any individual owner of rent receivable sustained as a result of an insured loss under the policy.

Employers Liability

Cover to provide for casual property repairs or maintenance around the apartment complex.

Property Owners Liability

To cover legal liability which you, as owner of the buildings or complex, incur as a result of an accident causing accidental bodily injury to a third party or accidental damage to third party property.

Extensions to cover should incorporate car park liability and indemnity to any management or owner’s representative group.