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Insurance Cover

James Gibb arranges insurance cover for developments across our portfolio. Due to the size of our portfolio, we can negotiate competitive rates with some of the country's leading insurance companies. We work with our brokers to source an appropriate policy in terms of cover and cost, for our developments.

Most of our developments entrust us to arrange their communal block insurance policy. In addition, we will arrange engineering insurances where necessary to cover passenger lifts (including statutory inspections) and any other plant and machinery. Regular insurance revaluations are carried out to ensure the building sums insured are up to date.

We work to ensure claims can be dealt with in a timely and efficient manner and conduct regular management information reviews to track and progress insurance claims.

Block Insurance explained

At James Gibb, we appreciate that block insurance cover can sometimes be quite complex and the circumstances that lead to an insurance claim can be stressful at times. For this reason, we have created our customer Insurance Guide which contains information about Communal Insurance Cover and the Claims Process, to ensure customers know what is covered and how the claim’s process works.

Generally, our customers find this guide to be helpful and answers any questions they may have.

Property Owners Liability (POL) Insurance

POL Insurance is included in our buildings insurance premiums for flatted developments. For those in houses with communal areas within the development, POL is the only form of insurance we normally require to have in place.

POL Insurance covers legal liability for injury to third parties within the communal areas.

Simple examples of potential claims could be a tile falling off a roof and hitting a passer-by or a visitor tripping on an uneven surface. As these areas are common or mutual areas under ownership of the collective Duty Holders (Homeowners), this insurance will protect homeowners against any liability claim following injury or other.

Should you require any further information please complete and submit the enquiry form below.