Building insurance

What is building insurance and why is it so important? Also, find out how to make a claim.

One of our legal responsibilities as your factor is to arrange buildings insurance. It's really important as it makes sure your home is always fully covered in the event of an insured act, such as fire or storm damage. You can’t opt out of block building insurance cover – it’s a legal requirement.

We are often asked why owners cannot arrange their own buildings insurance. Block insurance is the only way to make sure that every property has enough cover and that all premiums are paid so the policy continues to be valid.

The policy we’ve taken out for you covers against accidental damage caused to the building and certain fixtures in the kitchen and bathroom, as well as acts of vandalism.

Our partner organisation, Wheatley Solutions Limited, arranges the building insurance contracts on our behalf. Wheatley Solutions gets competitive quotes from insurers every three years and selects the best one for customers. This means our buildings insurance policy with Ageas is competitively priced.

Your policy schedule tells you the maximum amount you can claim.