How is the Building Insured?

If you have an Equity Share for the Elderly lease or own a flat under a Right to Buy lease the Council will provide buildings insurance cover and will recover the cost of the premium through your service charge. This policy does not cover the possessions of individual leaseholders.

If you have a Shared Ownership Lease or own a property under a First Time Buyer lease then your lease requires you to provide buildings insurance cover yourself. A copy of your buildings insurance policy must be forwarded to the Council each year to prove that the building has been adequately covered, otherwise the Council will add your property to its own buildings insurance and will charge you accordingly.