Block Policies

“Block policy arrangements”-a single policy for your portfolio of properties

A simple way of managing the insurances of a larger number of properties under the control of your Residential Management Company clients is under a single policy in the name of your own Property Managing Agent company.

This document would contain a schedule of the properties covered, (within which terms may be varied on individual properties).  Additions and deletions would either be by specific instruction or by monthly or quarterly declaration.

As you would be the Policyholder, your staff could provide instructions, negotiate terms and handle claims on behalf of your client Residential Management Company.  (In certain circumstances, interest free monthly premium instalments may be arranged).

+ Insurance becomes a “once a year” job.

+ Premium “volume” discount applies for good claims experience.

- Large or numerous claims involving the “few” could adversely affect the premiums of the “many”.