Blocks of Flats

Available under our Aro brand:

Underwritten by AXIS Managing Agency Ltd, this is an Aro original product which targets small build blocks or conversions which are owned by residents associations or managed by management companies.

For risks:

  • Which are either purpose built blocks or conversions
  • Which are comprised of up to 10 flats
  • Which are 5 stories
  • Which are managed by Residents Associations, Residents Management Companies, RTM Companies and Freeholders

Key Benefits

  • Backed by ‘A’ rated capacity

Acceptable Property Types

  • Purpose Built Flats with concrete floors
  • Purpose Built flats with timber floors
  • Converted Building

Varying occupancies accepted to include

  • All owner occupied
  • Part owner occupied/part tenanted (let out)
  • All tenanted (let out) where Insured is the Freeholder of the building
  • Listed Buildings accepted (Grade 2)
  • Up to 25% of the flats unoccupied with full cover

What is Covered

Buildings Sum Insured

Minimum Declared Value £200,000, Maximum declared value £3,000,000, Maximum number of flats – 20, Maximum number of storeys including basement - 5, Communal Contents: £10,000 covered as standard, optional increase to £100,000, 25% Day One Uplift on Declared Value, Loss of Rent/Alternative Accommodate: 30% Sum Insured, 24 months, POL: £2,000,000 or optional £5,000,000, Accidental Damage is covered as standard

Minimum Premiums

£300 + IPT + £25 fee, Temporary Accommodation/Loss of rent up to 30% of Sum Insured, as standard, with 24 months indemnity period

Optional Cover

Optional Employers Liability Cover

Standard Policy Excess

Standard £250, Escape of Water £500, Flood £250 (Dependent upon Postcode), Subsidence £1,000 (Dependent upon Postcode)