Darren Bagnall, Managing Director of Flat Living Insurance explains what a leasehold flat or apartment is. The majority of flats in the UK are bought and sold on a leasehold basis. Present property law in England and Wales requires that flats be leasehold, although some are sold with a share of the freehold. Legislation introduced …
Understanding Your Listed Building Insurance Policy
Darren Bagnall, of Flat Living Insurance, discusses external what to consider when insuring a heritage building and why it is important. We know that the complicated language and terminology used in normal insurance policies can be a challenge to read and digest. When it comes to policies for listed buildings, the jargon is even more …
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Fire Risk Assessors: What Constitutes a ‘Competent Person’?
Darren Bagnall, Managing Director of Flat Living Insurance explains what constitutes a “competent person” when completing health & safety assessments. Fire Risk Assessments are a huge responsibility when it comes to managing a block of flats, but the law …
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Getting the Best from Your Broker
Darren Bagnall, Managing Director of Flat Living Insurance explains how choosing the best protection for your property is vital and how to get the best from your insurance broker or intermediary. As a director or officer of a Residents’ Management Company (RMC) choosing the right policies for your block is essential. Your fellow leaseholders are …
Coping with floods and storms
Storm Ciara is expected to cost up to £200m in insurance claims, storm Dennis figures are not yet known… The last few weeks have been fraught with danger for flat owners residing close to water or in areas that have suffered from the storms. We have all been watching the news and seeing homes underwater …
What policy excess should you choose?
Normally excess options will be offered, when you obtain and insurance quotation for your block. An excess is the first part of a claim which is paid by the Policyholder. For example, your quote could be offered with a £100 excess. If you prefer a NIL excess the premium would normally increase or could be …
Directors & Officers Liability Insurance
Darren Bagnall, Managing Director of Flat Living Insurance investigates the risks to Residents’ Management Company Directors whilst performing their duties. Those who serve on a Residents’ Management Company (RMC), Right to Manage (RTM) or Residents Association (RA) committee often do so in a very selfless way. They work with the best interests of the individual …
What is a Right to Manage Company?
Darren Bagnall, of Flat Living Insurance, discusses what a Right to Manage company is. Right to Manage companies give leaseholders the chance to collectively take over the management of their block of flats or apartments. According to LEASE, the Right to Manage was introduced through the Commonhold and Leasehold Reform Act of 2002, which gave …