Do you live in, or own a block of flats? If you are looking for insurance that will cover the flat or apartment building in which you live, you may need freeholder insurance.
Freeholder insurance is generally the correct option for a building that has been converted into flats – usually large houses, but sometimes office blocks, warehouses and barns are also turned into apartments. It is also a must for anyone responsible for the maintenance and upkeep of a leased building and the property surrounding it.
In some cases, the freehold of the property can be owned by one person who charges the owners of the flats ground rent or a service charge, or it can be distributed amongst the owners of each separate flat. Sometimes the owners hold equal shares of the freehold and other times they own different amounts, depending on various factors such as the size of each flat.