Buildings only insurance
What is buildings insurance?
It is a policy that covers the cost of damage to your home and its structure.
If you have a mortgage 0n your property then your mortgage lender will require that you have the adequate level of insurance in place to protect you and them in the event of damage. It is normal practice for the mortgage lender to have their interest noted on the policy documents.
The cover will include you walls, roof, ceilings floor and windows. It will also cover any permanent fittings and fixtures within your home.
It should cover the total cost of rebuilding your home should it be damaged beyond repair. The policy will also cover things like demolition and clearance of the site.
Buildings insurance usually covers loss or damage that occurs as a result of:
- explosions
- bad weather damage
- malicious damage
- freezing pipes
- falling trees
- subsidence