What type of insurance you need for leasehold flat in UK includes buildings insurance usually arranged by freeholder via service charge, plus your own contents insurance $20K to $50K and liability $10M to $20M, while in Australia strata flat needs contents insurance. For leasehold flat in UK, buildings insurance for block $200K to $500K is arranged by freeholder or management company and cost included in service charge $1,500 to $4,000 per year, covering fire, storm, flood, theft and liability for building, so you do not need separate buildings insurance but check it exists and sum insured adequate and includes flood. You need contents insurance $20K to $50K for furniture, electronics, clothing, costing $150 to $300 per year from Aviva, Direct Line, covering theft, fire and accidental damage, with $10M to $20M public liability if you cause water leak to neighbour $10K to $50K claim. You may need accidental damage optional $100 extra for fixtures. For landlord who lets leasehold flat, you need landlord building and contents $20K and liability $10M $200 to $400 per year, plus loss of rent. In Australia, for strata unit, building insurance included in strata levies $500 to $800, you need contents insurance $30K to $80K $300 to $600 per year with $20M liability. So for leasehold flat you need contents insurance $20K to $50K $150 to $300 per year plus check buildings via service charge, and liability $20M.
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