Buildings insurance

If you are a shared owner (inc Do It Yourself Shared Owner) or the owner of an apartment once owned by the association (sometimes referred to as a Right To Buy owner), or the owner of an apartment in a Leasehold Scheme for the Elderly, under the terms of your lease, we are responsible for buildings insurance. We arrange insurance to cover loss or damage to the buildings (including any garages), drains, pipes, cables, drives, footpaths, garden walls, and communal fixtures and fittings. We also provide public liability insurance to cover external common parts. If you are a freeholder who leases a garage from us we will insure the garage but you will continue to be responsible for your own buildings insurance.

You should arrange your own insurance to cover your contents and personal possessions within your home. It is your responsibility to make sure that your contents insurance is adequate for your needs.

You pay for your share of buildings insurance (including Insurance Premium Tax) in your monthly charges, usually as part of your service charge. The costs of arranging and administering the insurance are covered from the flat rate management fee that you pay as part of your service charge.

The amount your home is insured for covers the cost of rebuilding your property as new. There are three policies which you can view:

• Shared Owners (homes purchased under the following schemes: Shared Ownership, Do It Yourself Shared Ownership and Homebuy) Click here for the Summary of Cover

• Supported Housing schemes which includes our Leasehold Schemes for the Elderly, 

• Owners of homes that once belonged to us, known as Right To Buy properties.  Click here for the Summary of Cover

Making a claim

Zurich Municipal currently provide our Buildings Insurance policy. Please call their property claim line (freephone), 0800 028 0336 and they will assist you with your claim or visit their website.

Communal Areas In Knightstone Owned Properties

These are areas that are used or can be used by all residents within a block. For example, in a block of flats you may have a communal hallway where you gain access to the stairs, utility meters or where the post boxes are. We insure all the communal contents in these areas such as carpets, light fittings etc.  In the event of a claim, the excess amount will be £1,000 per claim. Therefore, the excess payable will be divided equally between all tenants and owners and passed to you in your service charges.

Public liability insurance

This covers all external common areas, for example communal car parks, grassed areas, private roads and playgrounds. We make sure this insurance is in place. The cost of this insurance is covered through your flat rate management fee.
 
For more information about your insurance policies we have produced a fact sheet.