The use of Block of Flats insurance is for an owner of multiple dwelling units on one property. The two main classifications with this type of building are purpose built and conversions. Both of them are commercial properties and are considered higher risk than it would be to insure a single family dwelling.
Because owners of this type of commercial properties may not actually be managing it, the task of obtaining insurance coverage can be given to another.
This is commercial property insurance that has a standard policy with an insurance agency. Each insurance policy will vary but most include the following;
When taking out a policy make sure you state how tall the building is. With most insurance companies there is one policy for a building that is 10 stories or less. There is another policy for properties that have 11 or more stories.