Building Insurance for Flats with Leasehold: What You Need to Know

If you own a flat with leasehold, you’re probably aware that you need to have buildings insurance. But what exactly is buildings insurance, and what does it cover?

In this blog post, we’ll take a closer look at buildings insurance for flats with leasehold. We’ll explain what it is, why it’s important, and what you need to know when choosing a policy.

What is Buildings Insurance?

Buildings insurance is a type of insurance that covers the cost of repairing or rebuilding your property if it’s damaged or destroyed. It’s important to have buildings insurance because it can protect you from financial ruin if something happens to your property.

For flats with leasehold, buildings insurance will typically cover the following:

  • The structure of the building
  • The exterior of the building
  • Communal areas
  • Any fixtures and fittings that are permanently attached to the property

Why is Buildings Insurance Important for Flats with Leasehold?

As a leaseholder, you’re responsible for the upkeep of your flat. This includes maintaining the structure of the building, the exterior of the building, and any communal areas.

If something happens to your flat that’s not your fault, such as a fire or a flood, you could be left with a huge bill for repairs. Buildings insurance can help to protect you from this financial risk.

What to Look for When Choosing a Buildings Insurance Policy

When choosing a buildings insurance policy, there are a few things you need to keep in mind:

  • The level of cover: You need to make sure that your policy covers the full value of your property.
  • The excess: This is the amount of money you’ll have to pay out in the event of a claim. Try to choose a policy with a low excess.
  • The terms and conditions: Make sure you read the terms and conditions carefully before you sign up for a policy. This will help you to understand what is and isn’t covered.


Buildings insurance is an important part of owning a flat with leasehold. It can help to protect you from financial ruin if something happens to your property. When choosing a buildings insurance policy, make sure you compare quotes from different insurers and choose a policy that covers the full value of your property.

Additional Tips

  • Get quotes from different insurers before you choose a policy.
  • Make sure you understand the terms and conditions of the policy before you sign up.
  • Consider taking out an annual policy rather than a monthly policy. This will usually work out cheaper in the long run.
  • Keep your policy up to date with your latest address and contact details.

I hope this blog post has been helpful. If you have any questions, please feel free to leave a comment below.

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