March 2015 renewals
The usual invitations were posted yesterday, Monday 2 March, to members and insurance clients whose membership and/or insurance were due for renewal at the end of March. The cost of our basic policy has increased, with effect from 1 April 2015, by 5% before tax. This is the first increase in six years, and we believe that our scheme continues to offer high-quality cover at a very competitive price. At the same time we have taken the opportunity to reduce the cost of membership: a reduction seems in order, given that there has been a considerable increase in membership since the fees were last set. The annual cost is now £60 for associations with 20 or more houses; £40 for those with less than 20.