Insurance

It is important to have insurance, to protect against potential risks and damage.

There are two types of insurance:

Buildings insurance

This covers the buildings and 'fixtures'.

We are responsible for insuring the building against certain potential risks, such as fire, explosion, lightning, smoke damage, water damage, falling trees or branches, etc.

If the building needs rebuilding, our insurance would help us to rebuild it.

The buildings insurance also covers 'fixtures' we have installed and secured to the structure of the building, such as kitchen units and bathroom suites.

If you are a leaseholder, or shared owner, you will be paying Paradigm Housing Group for your share of the buildings insurance premium. If you would like a summary of this insurance cover, please contact our Customer Services team on 0300 303 1010.

Contents insurance

This generally insures your home contents such as your clothes, furniture, carpets, television etc.

You are responsible for taking out your own home contents insurance. It will protect all your personal belongings in the home such as wardrobes, chairs, tables, clothes, toys, etc.

There are many home contents insurance policies available and it is worth shopping around. One policy recommended by the National Federation for Housing is the 'My Home' contents insurance scheme run in conjunction with Jardine Lloyd Thompson and Allianz Insurance plc.

The aim of the scheme is to provide a basic, low-cost contents insurance policy for Paradigm residents, even if you don't have a bank account.  To find out more contact our Customer Services team on 0300 303 1010