Building insurance in residential blocks of flats typically covers the cost of repairs or rebuilding in the event of damage or destruction to the building. This can include damage caused by fire, flood, storms, subsidence, or other perils as specified in the policy. The insurance can also cover the cost of any legal fees and expenses that may arise if a claim is made against the building’s owner or management company.

In the case of residential blocks of flats, building insurance is typically taken out by the building’s owner or management company, who will be responsible for maintaining and repairing the building. It is important to ensure that the policy covers all the necessary risks and that the sum insured is sufficient to cover the full cost of rebuilding in the event of a total loss.

It is also worth noting that individual flat owners may need to take out their own insurance to cover their own personal possessions and any liability they may have in the event of an accident or injury in their flat. This is known as contents insurance or home insurance and is separate from the building insurance taken out by the building’s owner or management company.