North Leeds Plumbing & Heating – Home Improvement and DIY Advice

Buildings insurance – or home and house insurance – is the insurance that covers the structure that is your home. While the finer points of policies may vary, all house and home insurance covers the main building on your property, i.e. your house; and most can be extended to include other structures such as a swimming pool, garden shed, and garage.

Anyone buying a home will more than likely be required to have home insurance as a condition of their mortgage. In fact, most lenders provide home insurance with their mortgages. But these can often be pricey and don’t always offer the type of coverage desired. So it is important to shop around for the right house insurance at the right price.

A good home insurance policy includes a few things:

•    It should cover you for flood, fire, storms, lightning damage, subsidence, or damage caused by falling objects, like trees, or objects from aeroplanes.
•    It should cover you for acts of vandalism and theft.
•    If the amount of damage done to your home is sufficient enough that you can no longer live there, then a good home insurance policy will cover the cost of alternate living accommodations.
•    The amount of coverage, or ‘sum insured’, should not be the amount your home would be worth if you sold it, but rather the cost of rebuilding the structure if it were knocked down.

Before committing to any building insurance policy, it is important to read the policy thoroughly, including all fine print clauses.