VAN QUOTES | MOTOR QUOTES | TRAVEL QUOTES | CREDIT CARDS & LOANS | MORE SITES | HOME INSURANCE QUOTES
For any people buy their buildings insurance policy through their building society or lender when they take out their mortgage. Having a suitable home insurance policy is usually a condition of your mortgage. You do not have to take out your policy with your building society or lender, unless you have agreed to a special mortgage package which includes insurance. Shopping round for your cover can save you substantial amounts of money for the same of an even better level of cover. Buildings insurance will normally cover you against a stated list of risks. ie : Fire Aircraft or things falling from them, Lightning Subsidence, heave and landslip, Explosion Falling trees or branches, Earthquake Impact by vehicles or animals, Theft Breakage or collapse of aerials Riot and malicious persons, Escape of water from tanks or pipes, Storm & Flood Escape of oil from fixed heating installations
When you take out buildings insurance the specified "sum insured" is the maximum amount your insurer will pay out in the event of a claim. It must be the full re-building cost of your property for the worst case scenario of a total loss. The market value or the council tax valuation of your property is not normally an accurate guide to your actual rebuilding cost. Your rebuilding cost is normally shown on your survey report when you buy your house. If in doubt get professional advice as it is you responsibility to get the sum insured correct. If your rebuilding valuation is significantly out in the event of a claim your cover may be invalidated so it is important to get it right.
In addition to the structure, a buildings policy covers permanent fixtures and fittings such as baths and toilets, fitted kitchens and bedroom cupboards. Interior decorations are also normally covered. Most building insurance policies have valuable extensions of cover available if you require. If your home is so badly damaged that you cannot live in it until repairs are done, your policy will help to meet the reasonable cost of alternative accommodation up to a stated limit. If, as owner of your home you are responsible for any injury to someone or for damage to their property your policy will pay the damages and cost for which you are legally liable. There is usually an upper limit of £1 million or more. However, your main legal liability arises from you being occupier of your home and a contents policy covers this. Underground Pipes and Cables - supplying gas, electricity, oil or water, as well as sewage pipes, are insured against accidental damage. They are not insured against wear and tear. Glass in doors, windows and skylights is covered against breakage together with baths, washbasins and WC's. buildings insurance uk policies differ in the cover they provide and in their acceptance terms and conditions. The information contained on this site is of a general nature - for detailed information you will have to read your policy documentation or consult your insurance advisor when you take out cover.