Buildings Insurance

What is it?

A policy that, in the event of any damage to your property, will give you a sum to cover the majority of the cost of repairs

Why do you need it?

Damage to your property can be costly to repair, especially with a major event such as a fire or storm damage.

All lenders will insist that you have this type of cover in place and it is actually a conidtion of your mortgage.

Things to bear in mind

If you don't have this type of cover, you will be responsible for the cost of repairs. Cover generally includes:

• Damage caused by fire or flood
• Subsidence
• Storm damage

These are just a few of the perils covered. The policy can also be extended to protect your property against events like accidental damage.