Buildings Insurance

Buildings insurance is a form of insurance that is specifically designed for homeowners in order to protect the very structure of their home against a wide variety of hazards. For example, if a bad storm damages your roof, you can claim on your insurance to enable you to pay for it to be repaired. Similarly, if a tree happens to fall through your kitchen wall then you could claim for that as well.

Of course, buildings insurance varies from policy to policy and so you will need to examine the exclusions before opting to take out a specific one. Many do not cover flood damage or subsidence, for example. Some others may only cover you for the removal of any trees that come crashing through the walls of your home rather than repairing the damage. All of the relevant exclusions and terms will be fully detailed in the individual policy documents for you.

Buildings insurance has no relevant value for individuals that rent because they do not own the building itself. Instead, it is up to the owner of the property to obtain insurance for the structure of the home. However, whether you are homeowner or a landlord, a good buildings policy can really give you peace of mind.