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Where you have formed a Right to Manage (RTM) company, you have taken control of your building, thereby controlling costs and ensuring it is maintained.
Service charges can be significant sums and insurance premiums form part of this cost.
We understand that as well an ensuring your insurance costs are competitive and deliver value for money, you also need an experienced Insurance Broker to advise you on the cover available.
It is paramount that your building has comprehensive cover so that when a valid claim occurs, the costs will be recoverable from the Insurer and not fall back on the Lessees.
At Reich we specialise in RTM property insurance and have a number of superb facilities that deliver full cover at extremely competitive premiums.
Our wordings are bespoke and provide many extra covers at no additional cost.
In addition there are potential liabilities faced by the RTM company itself which require protection.
Directors and Officers Liability insurance protects the individual Directors against claims made against them in a personal capacity. These types of claims are becoming more common and the legal costs in defending them ever more expensive.
This insurance is available at very competitive premiums.
To access our exclusive facilities, contact one of our property specialists to get your no obligation quote.
Our policies cover you for:
- The cost of reinstating the property in the event of loss or damage by an insured event
- Any loss of rent if the property is rendered unusable following an insured event
- Or the cost of comparable alternative accommodation whilst your property is repaired
- Any legal liability you have as property owner for third party injury or damage.
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Nick Symes
Director, Property
Tom Sproulle
Head of Department, Property