Buildings cover is one of the broader policy options and as such can differ to some degree between providers. Most, however, will cover the main aspects of what a freeholder is looking for in policy for a block of flats. Buildings cover provides coverage for the property itself and should include protection against fire, flood, theft, vandalism and accidental damage.
In relation to freeholder policy, this insurance covers communal areas such as hallways, receptions, and car parks. No matter how sparsely furnished these areas are, damage from wear and tear alone can be highly costly. The policy provides protection for carpets, lighting and general fixtures, plus many other aspects of the building if relevant.