Freeholder Buildings Insurance

If you’re a freeholder or joint freeholder of a building, Lansdown Insurance Brokers can help provide you with expert advice and a bespoke, competitive freeholder buildings insurance quote fast.

As block of flats insurance specialists, whether your building is a converted house, a small or large purpose-built block – or even a listed building – we work closely with leading insurers to provide you with the specialist, peace of mind insurance cover you need.

What is freehold insurance?

Freehold Insurance, also referred to as freeholder insurance or freeholder buildings insurance, provides buildings insurance cover for the freeholder of a property.

For example, a block of flats contains several separate flats which will typically be owned by leaseholders on a leasehold basis but the ultimate owner of the property and land it’s built on is the freeholder. The freeholder has legal responsibility for the upkeep and maintenance of the building, as well as making sure appropriate freehold buildings insurance is in place.

What does freeholder buildings insurance cover?

While our freeholder insurance policies are flexible and can be shaped to your requirements, typically cover includes:

Buildings Insurance Cover – including cover for natural disasters such as storms, floods and fires
Subsidence, heave or landslip
Escaped water or oil, from burst pipes
Theft and/or attempted theft
Malicious damage
Legal expenses insurance – covering the costs of legal defence
Business interruption insurance – protection against loss of income following damage to your property
Property owners’ liability insurance – covering costs and damages if your tenants or the public are injured on your property
Unoccupied property insurance – cover for theft, malicious damage, natural disasters and more when your property is unoccupied for an extended period of time
Terrorism insurance – Protect your property if access is restricted or a catastrophic terrorism incident occurs
Landlord Rent Guarantee Insurance & Legal Expenses Cover is also available

Request a Freehold Insurance quote today

If you’re looking for freehold buildings insurance for a block of flats, you can get an instant quick quote online here now. For other types of buildings please contact our experienced team to request a bespoke quote on 01242 524498 or email enquiries@lansdowninsurance.com.

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FAQs

Is freeholder insurance a legal requirement?

No, while freeholder insurance isn’t strictly a legal requirement it may be a requirement of a mortgage to have the property insured. In addition to this, insurance policies of this type cover your legal liabilities and there is legislation in place, which puts specific requirements on the freeholders. For more information, get in touch with Lansdown Insurance Brokers experienced team, we will be happy to answer any questions you have on this relating to your property.
What is shared freehold buildings insurance?

When you buy a leasehold property such as a flat, sometimes the lease includes a share of the freehold. This means that each leaseholder effectively owns a share of the freehold of the building, or a share in the company that owns the freehold of the building.

If you own a share of the freehold then, as a group, you are responsible for the insurance and upkeep of the building in the same way that a single freeholder would be.
How much is freeholder insurance?

The cost of freeholder or freehold insurance can vary widely depending on several factors, including the location and type of property, the coverage options selected, the insurer’s underwriting criteria, the freeholders claims history, and the desired policy limits.

Working with an experienced insurance broker, like Lansdown, can also help freeholders find the best cover for their specific needs and budget.

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