Landlord insurance in Woking
Woking's skyline has filled with tall residential towers, and many landlords here own a flat in a modern block rather than a house. Since the building-safety crisis, owning a leasehold flat in a high-rise has come with an insurance dimension few anticipated.
Where the risks come from for Woking landlords
Where a modern block has building-safety or cladding issues, the cost of insuring the structure, arranged by the freeholder or management company, has in many cases risen sharply, and that cost is passed to leaseholders, landlords included, through the service charge. The landlord's own cover then has to sit cleanly alongside the block policy.
A Woking example
A landlord with a flat in a Woking tower finds the block's buildings insurance, and so their service charge, has climbed steeply as the building's safety status is worked through. Their own landlord policy needs to cover the flat's interior, contents, liability and lost rent, dovetailing with the block cover rather than duplicating or missing it.
What landlord insurance covers
A flat landlord insures the interior, contents, liability and loss of rent, while the block policy covers the structure, and in a modern high-rise it is essential to know exactly where one ends and the other begins. Getting that split right avoids both gaps and wasted premium.
Placing it in Woking with Apex
We read the block policy alongside your own, so a high-rise flat is covered without overlap or gap, whatever the building's safety position. Apex arranges Woking apartment lets through one named broker. Authorised by the FCA; established 2009.
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