As long as everyone in the block cares then it works a treat. We pay a score a month per flat into the kitty which goes into a bank account which 2 residents need to sign off on for withdrawals. Each flat sorts their own insurance.
Ask them how they get on with it and if everyone pays what they owe when they owe it. If so then it'll be cheaper than a factor. I do the small DIY jobs in our close which means we aren't charged for them and they're done quickly. |