A Guide To Home Insurance And Covering Communal Areas If You Live In A Flat

A Guide To Home Insurance And Covering Communal Areas If You Live In A Flat
By Graeme Dick

Introduction

When taking out an insurance policy to protect against damage to your property it is import to make sure that all areas you are responsible for are covered in your buildings insurance policy. If you live in a typical home, terraced, semi-detached or detached, then this is normally quite straight forward and the policy is normally designed for you, however if you stay in a flat, then it can get a little more complicated and many of the larger insurance companies do not ensure you for anything other than inside your actual flat.

Communal Areas

Communal areas typically consist of the hallway and stairway between each flat. This can sometimes be called the close or landing too. It may also consist of communal drying areas between the flats too. These areas are just as susceptible to damage as your own flat. For example, should the roof of this area get damaged, you will be responsible to pay your share of the repairs, even if you stay on the ground floor.

Solution

If your contents insurance company dont insure you for these areas then it many local authorities will be able to offer you buildings insurance which will cover both inside your flat and the communal areas. This is often at a very competitive price too. It is then up to you to arrange your own contents insurance from one of the many offers available on the market.

Conclusion

Many insurance companies offer half price or reduced contents insurance if you take out their buildings insurance too, however this is only worth while if they are going to cover you for all the areas you are responsible for. It is often worth just taking out their contents insurance at the full price and paying the local authority buildings insurance, as the combined cost will probably still work out cheaper and the main thing is that every part of your property is fully protected against any damage.

Graeme Dick is an Editor for Insurance Deals 365 further UK Home, Car, Life and Travel Insurance advice is available.

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