Understanding Home Buildings Insurance
Protecting your home against fire, floods and theft these days is a really good idea. That is why there are a number of different home buildings insurance packages designed to help you.
You never know what will happen in life and your home is your most important asset. If anything were to happen, would you have the money to do repairs or possibly replace things? If not then getting the right insurance would be extremely beneficial. Even if you do not own your own home, you could still benefit from building insurance.
What is Home Buildings Insurance?
Home buildings insurance is designed to protect the fixed parts of a home. These include:
The roof and flooring
Walls
Fixed sinks, baths and basins
Fitted Kitchens and Bathrooms
Garden Sheds and Greenhouses
The above are the things that are mainly covered by buildings insurance. However there are other things which might be covered; every insurance policy is different.
Now obviously if you are a tenant and you are renting furnished accommodation then you will not need buildings insurance. You would be better off looking into home contents insurance instead. However, if you are a homeowner or a tenant renting an unfurnished property then buildings insurance may be able to help you. Generally however, buildings insurance is designed with the homeowner in mind.
One thing to remember about home buildings insurance is that accidental damage may not be covered. So if you plan to do a little DIY and something goes wrong, it may not be covered by your insurance policy as it will be deemed your own fault. There are always loopholes with insurance policies and you need to be aware of these before you sign up. The small print usually tells you things that are excluded from the policy that you wouldn't otherwise know about. As most people skip the small print, they often end up with a policy that just isn't right for them. That is why it is so important to read the small print to understand exactly what it is that you are getting.
There will always be things that are not covered in your home insurance policy. With buildings insurance usually damage caused by storms and aircraft are not included. The amount that they cover you for is usually the amount that it would cost to rebuild the home if it were to be completely demolished. It is known as the "sum insured" and you should have a good idea of how much the home is worth before you take out a specific policy. It would be a good idea to hire a chartered surveyor to estimate how much it would cost to rebuild your home if something were to happen.
Overall whilst there are a lot of loopholes with home insurance, it is still worth taking out a policy. By taking the time to understand the different policies available, you will then be able to make a better informed decision regarding whether home buildings insurance would be right for you.
Related Tags: home insurance, house insurance, buildings insurance, content insurance
David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to providing their clients with the best insurance deal on their home insurance, car and life insurance. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are