What does the building insurance policy cover
The building insurance covers the elements of the building which are the council’s responsibility to maintain. These include the structure, the exterior, the interior common parts and the services and installations of the block.The 'fixtures and fittings' within your property are also covered by the building insurance. Examples of these are:
- floorboards
- doors
- window glass
- bathroom and kitchen fittings
- decorations
- plaster on the walls and ceilings in your flat.
Or 'anything that you would not be able to remove and take with you should you decide to move home'.
The buildings insurance policy covers material damage caused by:
- Fire, smoke, explosion, lightening or earthquake
- Riot, civil commotion, malicious damage
- Impact by aircraft, animal or vehicle
- Storm or flood
- Escape of water or oil
- Damage caused by falling trees or branches or collapse of TV or radio aerials
- Theft or attempted theft
- Subsidence, ground heave or landslide.
Our building insurance policy is index linked; this means that it is increased automatically each year in line with rebuilding costs. However, if you feel your property is under insured we can arrange for the sum insured to be increased if we receive a written request from you. You should review the sum insured at regular intervals and take into account any improvements or alterations that might affect the value of the property.
If your mortgage company requires a copy of the buildings insurance policy we can provide you with a document summarising the cover.
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Document Created:
14/09/2009 15:52
, last modified:
16/11/2010 10:34