We provide buildings insurance to protect your home from damage but we need you to make sure that you insure your home contents and possessions.
We provide buildings insurance cover for the building that your property is in and you are expected to contribute to your share of the cost. We achieve extremely competitive premiums which are kept low by having an excess of £500 per claim, which means you have to pay the first £500 of any claim. We only have a small number of claims from leaseholders every year, and this approach benefits the majority by keeping premiums very low.
This insurance covers the cost of rebuilding the entire building should we need to, say after a serious fire or disaster. The insurance policy covers all the normal risks such as: fire, storms and flooding, falling trees, subsidence, damage to structure and decorations (but not your contents and possessions) after fire or flood.
Insurance premiums are reviewed annually and we will send you a revised schedule every year. Many mortgage companies require sight of this. We recommend that you check the schedule when it comes through as premiums and excess payable are subject to change.
While the building you live in is insured by Charlton Triangle Homes, you are strongly advised to buy insurance for the contents of your home.
Please be aware that Charlton Triangle will not compensate you if your possessions are damaged, for example, by a major flood or fire, or if your freezer contents are ruined due to loss of electricity in a whole block and you do not have contents insurance. We would only be liable where the incident was due to our negligence, i.e. where we could have reasonably taken action in advance to prevent the incident. The same would apply where another resident causes a flood into your property which damages your possessions. You must have contents insurance to protect against such events.