Advice over flat with shared freehold

[Mumtoadults]

DD is considering buying an apartment
in a house converted by a developer into 4 apartments.The other 3 are sold and occupied.

After buying, all 4 owners would have a joint share of the freehold.

It's all DD can afford in that (very good) location, but we have concerns about the pitfalls if, for example, one owner defaults on paying for shared maintenance.

The estate agent suggested she could take out an indemnity insurance to cover this.

Does anyone have any experience of this sort of thing, and what would you advise?

Thanks

I would advise that she takes advice from her solicitor, not from an estate agent who is working for the seller.
The solicitor will investigate the freehold company, including its accounts and whether any major works are expected. They will be able to ask about when major works were last carried out, and who secretaries the freehold company. Are the other owners occupiers for example?
It is quite normal for a flat to be share of freehold, I wouldn't be put off as otherwise your DD will never be able to buy anything other than a house! But a bit of the diligence on the way in is sensible.

It's a bonus to have share of freehold imo. Check that there are regular maintenance payments made, a reasonable float and a clear plan for any future works that the surveyor flags up.

Thanks for your replies