Insurance
The Lodge/Development is insured by Millstream on behalf of all Owners at a competitive premium. Insurance covers:
- The building
- Landlord’s fixtures and fittings and decorations
- Outbuildings, forecourts, car parks, patios and terraces
- Roads and pavements
- Garden landscaping and paving, garden furniture
- Walls, gates, fences, fixed signs
- Contents of the communal parts
- Employees of Millstream Management
- Terrorism Insurance
It does not cover personal valuables and the furniture and contents of your home. You will need to insure these separately.
Millstream, like most management companies, receives a small commission on the insurance premium, which covers the cost of administering claims and negotiating with the insurance Company on premium renewal.
If the Lodge/Development is made uninhabitable by an insurable peril, the policy covers the cost of alternative accommodation and payment of ground rent and service charges during the time needed to restore the dwelling.
A public liability insurance is in place to protect Owners from claims which could arise from accidents occurring to fellow Owners or visitors in the communal areas or grounds.
Where a lift is fitted, there is additional insurance which also covers public liability. The lift is also covered by engineering insurance.
A copy of the Buildings Insurance Policy is available to all Owners.