What Is Covered by Buildings Insurance?
Buildings insurance, also known as home insurance, covers the structure of a building and its permanent fixtures against a range of risks. Here are some common elements that buildings insurance typically covers:
Structural Damage: Buildings insurance protects against damage to the structure of the property caused by events like fire, explosions, storms, floods, earthquakes, vandalism, or malicious acts. It covers the cost of repairing or rebuilding the property, including the walls, roof, floors, windows, and doors.
Fixtures and Fittings: Permanent fixtures and fittings within the property are usually covered. This includes items such as built-in wardrobes, fitted kitchens, bathroom fixtures, and central heating systems. It provides coverage for repair or replacement in the event of damage or loss due to insured perils.
Outbuildings: Buildings insurance often extends coverage to outbuildings, such as sheds, garages, or detached structures on the property. These structures are typically covered against the same risks as the main building.
Accidental Damage: Many buildings insurance policies offer optional coverage for accidental damage. This can include unintentional damage caused by events like spilling liquids on carpets, accidentally drilling through a pipe, or breaking a window. Accidental damage coverage may vary, so it’s important to review the policy details.
Subsidence: Subsidence refers to the gradual sinking or movement of the ground, which can cause damage to a property’s foundation. Buildings insurance typically covers subsidence-related damage and the associated costs of repair or stabilization.
Alternative Accommodation: If your home becomes uninhabitable due to an insured event, such as a fire or flood, buildings insurance may cover the cost of alternative accommodation while repairs are being carried out.
It’s important to note that buildings insurance usually does not cover the contents inside the property, such as furniture, personal belongings, or valuables. Contents insurance provides coverage for those items in the event of damage, loss, or theft.
Every insurance policy is different, so it’s crucial to review the specific terms, conditions, and exclusions of your buildings insurance policy to understand what is covered and any limitations or excesses that may apply. It’s advisable to consult with an insurance professional or read the policy documents carefully to ensure you have adequate coverage for your specific needs.
