Buildings insurance covers the cost of rebuilding your home if it's damaged or destroyed. It's usually compulsory if you're planning to buy your home with a mortgage and you may not be able to get one unless you take out buildings insurance.
Buildings insurance covers the cost of repairing damage to the structure of your property. Garages, sheds and fences are also covered, as well as the cost of replacing items such as pipes, cables and drains.
Your insurance should cover the full cost of rebuilding your house. This also includes the costs of demolition, site clearance, and architects' fees.
Buildings insurance usually covers loss or damage caused by:
- fire, explosion, storms, floods, earthquakes
- theft, attempted theft and vandalism
- frozen and burst pipes
- fallen trees, lampposts, aerials or satellite dishes
- vehicle or aircraft collisions.