Common Buildings Insurance

Protect your property with comprehensive common buildings insurance in Scotland.

Why Common Buildings Insurance is Essential

Also referred to as block insurance, common buildings insurance is vital for protecting shared residential properties such as flats, tenements and converted buildings. Property owners need buildings insurance equal to the reinstatement value (cost to completely rebuild) to safeguard against substantial financial losses. Placing a common buildings insurance policy is often a requirement set out within the title deeds of the property, whether that be through your managing agent or as a group of owners.

Recent data reveals a significant increase in weather-related insurance claims across the UK, driven by property damage from severe storms, heavy rainfall and frozen pipes. Block insurance serves to:

Protect against structural damage, fire, flooding and liability claims in shared residential buildings.
Meet legal and mortgage lender requirements to ensure homeowners have adequate cover.
Provide peace of mind by reducing financial risks from major building damage and unanticipated repairs.

Trusted by industry professionals, Taylor & Martin delivers transparent and reliable property management services. Contact us today for expert support.

How Taylor & Martin Supports Your Insurance Needs

At Taylor & Martin, we make managing buildings cover simple and stress-free. From finding the right policy to handling claims and renewals, our expert team ensures your building is fully covered — without hidden fees or unnecessary complications.

Finding the Right Cover for Your Property

Securing the right insurance policy ensures comprehensive protection. Taylor & Martin works with trusted insurance brokers to find policies suited to your property’s size, type and risk factors. Our service ensures that:

The correct buildings insurance cover is in place.
Property owners’ liability is included where necessary.
Policies comply with legal obligations and mortgage lender requirements.

Policy Setup & Administration

Taylor & Martin ensures all property owners are covered under a single agreed-upon policy. We facilitate:

Smooth coordination between homeowners, brokers and insurers.
Liaising with chartered surveyors for an accurate Reinstatement Cost Assessment (RCA).
Comprehensive insurance documentation and administration support.

Claims Handling & Support

If an insurance claim is required, Taylor & Martin provides detailed guidance to homeowners throughout the process. We ensure:

Assistance with liaising between brokers and insurers.
Transparent communication regarding claim progress and necessary documentation.
Support in addressing property damage caused by fire, flooding, attempted theft and accidental damage.

Renewals & Policy Management

Insurance policies require regular updates to ensure continued suitability and cost-effectiveness. Our team assists with:

Annual policy reviews to assess coverage and pricing.
Managing policy renewals and necessary adjustments.
Ensuring policyholders receive the best value for their insurance policy.

Transparent, Commission-Free Service

At Taylor & Martin, we believe in transparency. For this reason, we receive no commission on insurance policies. This ensures:

Impartial advice that prioritises your needs.
A clear cost breakdown of insurance premiums on quarterly invoices.
Confidence in receiving a fair and cost-effective insurance policy.

Managing Insurance Costs & Payments

We simplify payments by integrating insurance premiums into quarterly factoring invoices. Homeowners benefit from:

Predictable and manageable insurance costs.
Multiple payment options, including online bank transfer, direct debit order, standing order, debit/credit card, cheque or through the MY T&M online account.
24/7 access to insurance documents, invoices and payment history via MY T&M.

With Taylor & Martin, there are no hidden fees, just honest management.
Email us today to discuss your insurance needs.

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FAQs

Do factor fees include building insurance?

Factor fees cover the management and maintenance of common areas, but they do not automatically include common buildings insurance. However, Taylor & Martin offers integrated insurance solutions that can be included within factoring services for a streamlined approach.

What does block insurance cover?

Block insurance typically covers:

Structural repairs and rebuilding costs in case of insured damage.
Accidental damage cover for communal areas.
Damage caused by fire, storms, floods and attempted theft.
Property owner’s liability, ensuring protection against third-party injury and property damage claims.

What is not covered by common buildings insurance?

Common buildings insurance typically does not cover:

Individual Contents – Tenants’ personal belongings, furniture, electronics and valuables inside each property. Separate contents insurance is the tenants’ responsibility.
Wear and Tear – Gradual deterioration of the building, such as ageing roofs, plumbing issues due to old pipes or general maintenance problems.
Defective Construction or Workmanship – If a building issue arises due to poor construction or repairs, it may not be covered.

How do common buildings cover and home insurance differ?

A common insurance policy is required for flat owners in shared residential buildings. It is often arranged by property factors or management companies on behalf of all owners.

Home insurance is bought individually by homeowners for detached, semi-detached or terraced houses, often covering both the structure and belongings.

Taylor & Martin: Property Management Expertise You Can Trust

Taylor & Martin has years of experience in property factoring and insurance support. We offer a commission-free, transparent service to ensure that property owners get the best insurance policy for their needs. Our dedicated team provides expert policy guidance, claims support and administrative assistance, ensuring a straightforward process for homeowners.

With Taylor & Martin, you can access a range of additional property management services, including common property repairs and maintenance services.

Ensure your building is fully covered and financially protected with Taylor & Martin. Get in touch today and get a common buildings insurance policy that suits your property.