Do I really need this cover?

Unless you are fully confident that your service charge budget can cover the costs of unplanned emergency repair work, we recommend that you consider this insurance. If the worst did happen, you might not find that flat owners have much patience if, say, the central heating boiler broke down in mid winter or the lift was out of order for days or weeks.

Lastly, do remember that directors of the management company could be held personally liable if equipment failure causes injury. Inspection and maintenance is essential.

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