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Value for Money

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Value for Money

One of the things ELM Group prides itself on is that we don’t accept any types of commission, particularly for arranging insurance on behalf of our clients, which is a rarity in our industry.

As a result of this we have been able to secure lower premiums for our clients.  Recently we have saved almost £14,000 for one of the estates we manage.

Below provides the savings we were able to secure, based on what they paid for their policy for 2021/2022 with their previous managing agent.

2021/2022 (previous managing agent)

Buildings & Terrorism insurance                £37,000

2022/2023 (ELM Group)

Buildings & Terrorism insurance                £23,000

 

Realistically though, the saving is even greater when you consider that the sum insured has increased in line with the current RICS building index, which is 8.9% for buildings and 7.09% for residential contents.

This equates to a saving of over 40%!  Not only have we achieved this incredible saving, but the policy is on far better terms for the residents at the Estate as we have reduced the excess for all claims (with exception of subsidence) from £5000 per claim to £500.

The Asset and Compliance Team are incredibly proud to have been able to secure such a positive outcome for the leaseholders at this estate.  This was a huge amount of work all completed as part of our management fee.

If you are considering changing your managing agent and would like to discuss insurance or any other aspects, please contact sgoldsmith@elmgroup.org.uk or call 01252 356000.

"My mother has lived here for 10 years now and has the best of both worlds, the independence which she values and the friendships of the other residents"

Mrs N. Aldershot

Contact us


Head Office
Building 2
Archipelago
Lyon Way
Frimley
Surrey
GU16 7ER
T: 01252 356000
F: 01252 356001
E: customerservices@elmgroup.org.uk
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