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Have you considered unfortunate incidents that could befall aResidents’ManagementCompany during its normalrunning of ablock?
Consider waking to discover that in the middle of thenight,tofind fly tippershave dumped aloadofwaste at theentranceto your undergroundcar park,preventing residentsfrom usingtheir cars to getto work in the morning. Your residents will be expecting youtoact quicklyand will be looking to you sort the problemout.
Severalofthe properties in your block become uninhabitable following water damage caused by aburst pipe in oneof theupper floor flats.Yourpolicyprovides temporaryaccommodation andyou are able to arrangealternative accommodation forthose affectedbythe waterdamage. Howevertwo of theresidents arecat owners andthe temporaryaccommodation has a strict “no pets” rule.
Consider theeffect ofamalfunctioning air conditioning unit leadingtothe spread of Legionella.Orafaultycentral heatingboiler leakingcarbonmonoxide.Who wouldbe liable?
At a party in one of the flats an over- crowded balcony collapses, seriously injuring severalpeople. Aclaim against theInsurance Companyisinceptedwitha potential cost of £7.25 million, however the RMConlyhas £5 millionPropertyOwners Liability
coverinplace.The individual flat owners are distressed as thisamount is well belowthe potentialcost of theclaim.Who would be liable?
Aresidenttakes it upon himselftoclean the outside of the communal windows. Unfortunatelythe resident fallsoffhis ladderswhilst he is working.Whowould be liable?
Youwantquick andefficient servicefrom your Insurers,and thebest waytoensure this iswhen youtakeout your policy.You need specialist Insurancedesignedto specifically protect the risks you face.
Flat Living GUIDETO INSURANCE 13
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