2023: £82-05

2024: £120-25

2025: £120-80

So I had a 46% rise in 2023 but this year it only went up 55p.

Three bed semi

£500k building plus £50k contents. £350 excess (subsidence £1000)

Sleepy West Wilts market town.

I live in a flat, so my own 'insurance' is limited to contents only, which was stayed in the £65 - £75 range for a few years now.

The block buildings insurance, paid out of the service charge for the development, fluctuates quite a bit over the years due to revaluations of the blocks every 5 (?) years or so and especially the insurance market generally.

We've fortunately not had any major claims to contend with and our managing agents over the years have been decent and trustworthy, unlike many these days, and they get the most cost-effective policy they can.

Many insurers have in recent years loaded many 'national' and even worldwide burdens onto such policies to offset their costs endured in other areas. We've seen premiums as low as £6.5k (for around 70 flats and common areas outside), other times as high as £10k. Essentially that works out at around £100 - £145pa per flat. At the moment, we're nearer the higher end of that scale.