Insurance for Owner Occupiers
Maryhill Housing Association insures all the properties it owns through a block insurance policy. The benefit of this is that the insurance premiums which are levied are lower than they would otherwise be.
If your property is factored by the Association, you can opt to be insured as part of the Association’s block property insurance policy and take advantage of the lower premiums. The policy meets the requirements of a standard property insurance policy. The premium is collected annually.
If you decide to insure your property outwith the block insurance policy, you have to provide each year to the association, as the factor for the property
- a copy of the property insurance policy
- details of the sum assured
- evidence that the premium has been paid
This is required by legislation and safeguards the position of owners if another owner in the block has not taken out insurance cover or has an inadequate level of cover.
Home Contents Insurance
However is the responsibility of each owner to provide for their own home contents insurance.
The Scottish Federation of Housing Associations (SFHA) can provide home contents insurance cover through the Diamond Insurance Scheme, which it has negotiated with a leading insurer to provide low cost effective insurance which can be paid for on a monthly or annual basis. This is available to tenants or factored owners of the Association.
The premium can be paid by Direct Debit or by use of a swipe card which allows you to pay at the Post Office.
Maryhill Housing Association is not a party in the insurance policy you have through the Diamond Scheme and would not be involved in any disagreements or disputes which may occur between the tenant and the insurance company.
If you would like further information on the property insurance policy or the Diamond Scheme, please contact the Housing Management section on 946 2466.