Updating post from Reddit.
If you rent your flat out in this instance and want to cover all usual risks (damage, liability etc), how does it work? If you take out a landlord policy for your flat then aren't you paying twice for 2 very overlapping policies? Can't be that unusual a situation?
I have a flat and the service charge covers building insurance including personal indemnity up to £2M for people in the flat. In my case the flat is ex-council and I rent back to the local authority so I had to confirm insurance cover to get the agreement.
Building insurance would not cover the tenants if they were forced to move out, in my case that would be the responsiblity of the local authority but if I was on the hook for that I would get landlord insurance.
Agreed
But make sure you get sub let approval so that you are indeed covered by the block building insurance.
You must do the above!! I get LL's public liability insurance - I have to take a minimal amount of contents insurance to get it.
Communal/ Block Buildings insurance covers the building owners liabilty, repairs to the structure or rebuild etc.
Landlords insurance normally covers rent payments, owners liabilities etc. It does not cover the structure of the building, it is not something you have an insurable interest in (usually.) LLs insurance covers the LLs property so white goods, curtains usually are included, but the tenants property is the tenants liability to insure. For instance your flat is burgled and the LLs TV is stolen this would be covered, a tenants lap top would not be, that is up to the tenant to insure.
If the cover is overlapping you have the wrong policy. There are LL policies with buildings cover and those without.