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Introduction to Freehold Insurance
Freeholder building insurance is essential for owners of two flats in a converted house or multiple flats in a purpose-built block.
Both freeholders and joint freeholders should consider building insurance for their properties, especially because there are some serious liabilities that arise as part of property ownership.
Insurance protects the building regardless of whether it is a converted house or purpose-built block. They both can give rise of liabilities, legal costs and legal fees, so you will want to consider freeholder buildings insurance that includes public liability cover. There’s no need for a separate public liability insurance policy or business insurance; your freeholder buildings insurance policy should cover that – but of course always check your freeholder buildings insurance policy documentation to be sure!
Why Use Emerald For Your Freehold Insurance
Emerald has been covering freeholders for well over a decade. We aim to be friendly, clear, reliable and cost-effective. We score very highly on customer reviews and all our staff are trained in the issues around freeholder buildings insurance.
You can see our page on freehold insurance HERE. For our process, please call us on 0330 113 7109 or email us on customerservice@emeraldlife.co.uk and we would love to hear from you.
Types of Insurance – what is my policy made up of?
As part of your freeholder buildings insurance, public liability insurance is a type of insurance that offers financial protection against claims from the public.
If you choose to add it into your policy, employers liability insurance is a legal requirement for businesses with employees. For freeholder buildings insurance, it can be useful if the building uses regular gardeners, say, or cleaners, even if they are not employees as such
Freeholder buildings insurance covers repair costs to the fabric of the building. Buildings insurance is essential for freeholders to manage potential costs related to building repairs and damages.
Public liability cover is important if you own a property in case you are sued or subject to third party claims.
Benefits of Insurance
Freeholder insurance offers protection against risks to the building owned by the freeholder.
Importantly, public liability insurance provides peace of mind for freeholders and helps them continue operations without financial fear from incidents.
Freeholder insurance reduces the risk for freeholders owning property, covers the freeholder responsible and although not legally required, is a good way to protect a customer’s property.
Insurance helps manage potential costs related to building repairs and damages and a good insurer will avoid a complex claims process.
Public liability insurance cover provides tailored insurance for freeholders owning multiple flats.
Coverage Options – More Details
Freeholder building insurance covers flats, apartments, converted houses, and purpose-built blocks.
Public liability insurance covers compensation costs and legal fees if a business is found liable for injury or property damage.
Buildings insurance cover includes legal costs and payouts if a business is found liable for injury or property damage.
Freehold buildings insurance covers the entire building against specific risks, regardless of how it is built.
Block of flats insurance provides coverage for multiple flats in a single building. This is the same as freeholder cover, but will also include cover for public liability.
Finding Suitable Cover
Finding suitable cover for freeholder buildings involves considering several factors, including the type of property, number of flats, and location. Freeholders should review policy wording and terms carefully to ensure they have the right level of cover. Insurance specialists can help freeholders find tailored cover that meets their specific needs. Comparing insurance quotes and policies can help freeholders find the best coverage options.
Let Emerald Help You For Your Freehold Insurance
At the start, we said that Emerald has been covering freeholders for a long time and has a super level of expertise. With trained customer agents, high customer reviews and a high level of satisfaction, we aim to meet your needs.
Starting is simple – just call us on 0330 113 7109 or email us on customerservice@emeraldlife.co.uk and we would love to hear from you.
