What is buildings insurance?

Buildings Insurance is a mandatory requirement and needs to be in place for Completion, although content insurance is not a mandatory requirement.

Buildings insurance covers the cost of repairing damage to the structure of your property.

This includes the walls, windows and roof as well as permanent fixtures and fittings such as baths, toilets and fitted kitchens. As a general rule, buildings insurance covers the cost of rebuilding your house from the ground up.

This sum is likely to differ from the market value of your home and often includes the cost of services like demolition, site clearance and architects' fees.

Generally, buildings insurance covers the cost of loss or damage caused by:

• fire, smoke, explosions

• flood, storms, natural disasters

• fallen trees, lamp posts, aerials or satellite dishes

• vandalism or malicious damage

• subsidence

• vehicle or aircraft collisions.

Depending on the type of policy you choose, you may also be covered for structures around your home like garages, outside walls and driveways.

Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.