Is Buildings Insurance Compulsory?
• Honesty is the Best Policy What’s Covered? Buildings insurance covers the structure, fixtures and fittings of your home, e.g. roof, walls, ceilings, floors, doors and windows, fitted kitchens, built-in cupboards and bathroom suites. Most buildings insurance policies will also cover certain outdoor structures such as sheds, garages, gazebos and greenhouses. Fences, gates, boundary walls and damage to mains supply pipes may not be covered, so it’s important to read your policy’s small print carefully to see exactly what’s included. A comprehensive buildings insurance policy should cover the full cost of repair/rebuild in the event of: • Fire • Lightning strike • Storm damage • Falling trees • Explosion (caused by gas leaks etc) • Earthquake • Damage through contact with a vehicle or vandalism • Bursting or freezing of the plumbing Be sure to check that you’re covered for subsidence and flood if your property lies within a risk area. This extra cover may cost more but you’ll breathe a m
