I have been working on something like this for the last month, for a multi-purpose block of units.
our main issue is that no one of the residents wants to take over the running of the management from the builder but thats another days work.
I am just a concerned owner who has with constant consultation with the builders secertry gone and got prices for block inshurance.
I have had the lads in beautiful pin-stripe suits out to assess and measure and quoat me.
Where 2009 was €2900 ,
rates for 2010 are coming in at
€7325 with €5000 per appartment excess,
€5060 with €2500 excesss
€5600with €1000 excess
€5900 with €5000 excess
€5950 with €1000 excess. So far its a matter of going door to door to get the info to the owners and plan on just collecting the money.
trying to keep our place inshured.
so these are all different inshurance companys I got 2 brokers to do that part for me. you have to shop around .
FBD would not quoat for me at all , did not want to have any thing to do with us. no claims in the last 3 yrs. and only had 3 claims in total small ones I was told.