Buildings Insurance

• Your share of the premium is apportioned according to your Deed of Conditions.
• The full annual premium is recharged to owners in the May factoring invoice.
• No commission is charged or received by the Association.
• We may accept fixed-term arrangements (e.g. two or three years) where beneficial terms are offered.
• The annual policy schedule is issued to all owners with the May invoice.

The block policy includes cover for:

• Public liability in relation to common areas
• Flooding, storm damage, fire, burst pipes, and vandalism

Please note:

• The policy does not cover contents or general maintenance due to wear and tear
• An insurance excess applies to all claims and is charged upon settlement
• Owners are responsible for arranging their own contents insurance to protect personal belongings
• Landlords should ensure they have adequate landlord insurance to cover loss of rent and other liabilities

There are 2 types of claims

Private Claims

These relate to damage contained within your individual property (e.g. water damage from above).

You have two options:

• Self-managed claim - you arrange quotes, contractors, and liaise directly with the insurer. You also pay the contractor and receive reimbursement (less the excess) from the insurer.
• Association-managed claim - we arrange quotes, works and liaise with the insurer. The excess is recharged to you via your next factoring invoice.
• To begin a private claim, contact the Association by phone or email to request a claim form.

Communal Claims

These relate to damage in shared areas (e.g. storm damage to the roof).

Please report the issue to the factoring team, who will assess the damage and determine if it qualifies for an insurance claim. If so, we will manage the claim and arrange necessary repairs.

An excess applies to all claims:

• For private claims, the excess is paid by the individual owner
• For communal claims, the excess is usually shared among all owners covered by the policy