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Compare buildings insurance from £114/year**
Compare buildings insurance from £114/year**
Compare buildings insurance from £114/year**
**50% of people could achieve a quote of £114.00 per year for their buildings home insurance based on Compare the Market data in May 2020.
What is buildings insurance?
Buildings insurance could cover the cost of repairing or rebuilding the structure of your home if it's damaged by an event you're insured for – such as a fire, flood or storm. It also offers cover for any permanent fixtures and fittings, like your kitchen and bathroom. Buildings insurance can also cover outside structures connected to your home, such as fences, garages and pipes.
What does buildings insurance cover?
As well as fire, flood and storm damage to the physical structure of your home, buildings insurance can cover you for:
- subsidence and heave
- burst pipes
- accidental damage
- gardens and patios
- swimming pools
- temporary accommodation if you have to move out of your home while it’s being repaired
Check your policy to see exactly what it includes. You can always add on extra cover.
Who is buildings insurance for?
- If you’re a homeowner with a mortgage, your lender will usually insist that you have adequate buildings cover for the term of your mortgage – that is, while the mortgage company has an interest in the property. You’ll typically need to have buildings insurance in place on the date you exchange contracts, as this is when you become legally responsible for the property.
- If you don’t have a mortgage, there’s no legal requirement to have buildings insurance – but remember that repairs to your home can be very expensive. Taking out a buildings insurance policy could save you money in the long run and might give you peace of mind too.
- If you’re renting, then it’s usually your landlord’s responsibility to have buildings insurance in place – the only thing you need to worry about as a tenant is your own contents insurance.
Frequently asked questions
What’s the difference between buildings insurance and contents insurance?
Buildings insurance covers the structure of your home – the roof, walls, ceilings, floor, doors and windows – as well as any permanent fixtures and fittings, such as your kitchen or bathroom. It also covers pipes, cables and drains that belong to your house.
Contents insurance insures the type of possessions you could take with you when you move home.
Insurance providers often bundle together buildings and contents insurance under the generic term ‘home insurance’. It can often be more economical, and less hassle, to buy the two together.
Will buildings insurance cover rising damp?
Most insurance policies won’t cover you for damage caused by rising damp, or for condensation. But if you have rising damp, you’ll need to tell your insurance provider. Buildings insurance typically covers one-off events that cause damage to your home; damage due to damp happens over a long period of time and therefore isn’t usually covered.
Always check the terms of your policy carefully to see what it does and doesn’t cover.
Do I need buildings insurance if I rent?
Not usually. The building is the landlord’s responsibility so it’s up to them to put this cover in place. But if you want financial protection for your possessions, you’ll need contents insurance. Find out more about rental contents insurance.
Can I get buildings insurance in a flood risk area?
It can be difficult to get buildings insurance if your home is in an area prone to flooding, but the government’s Flood Re scheme should be able to help. It’s designed to make sure people in high flood risk areas can get cover for their homes at affordable prices. See more on Flood Re.
Does buildings insurance cover subsidence?
Your buildings insurance policy should cover the cost of repairing damage to your house caused by subsidence, but make sure you check. If you make a claim for subsidence, or if your home has a history of it, you may find that you have to pay a higher premium. Also, you’ll probably have to pay a higher excess in the future – potentially as much as £1,000. Find out more about subsidence and home insurance.
What should I think about when choosing buildings insurance?
Not all buildings insurance policies share the same features, but things to consider include:
The type of damage your policy covers
Most policies will cover damage caused by things like fire, flood, subsidence, storms and other natural disasters. Most will also offer cover for burst pipes and even against falling trees. Buildings insurance cover varies depending on your provider, so it’s always a good idea to read your policy thoroughly. You can usually add accidental damage cover to your policy, for mishaps such as drilling a hole through a pipe or accidentally putting your foot through the ceiling.
If your home is uninhabitable due to damage caused by an insured event, such as a fire or flood, this could cover the cost of somewhere to stay during repairs. It often comes with a maximum amount you can claim, so it’s worth checking how much cover you have in place.
The compulsory excess is set by the insurance provider and you’ll always have to pay it if you make a claim. You can choose the amount of voluntary excess when you take out the policy. This also becomes payable when you make a claim. Usually a higher voluntary excess will lead to lower premiums. But remember, you have to be able to afford this excess if you make a claim. See more in our guide to home insurance excess.
No claims discount (NCD)
Your no claims discount works the same way it does for car insurance – if you don’t make a claim on your buildings insurance over a 12-month period, then you may be looked on more favourably by your insurance provider, which may result in a reduced premium. However, your provider takes other circumstances into account when considering your premium, so it may not always result in a reduction. See more on no claims discounts.
Always contact your insurance provider to let them know if your property will be empty for any period, as special terms may need to be applied to your policy for your cover to remain in place. If your home is unoccupied (usually for 30 days or more), then your policy might not be valid and your insurance provider could refuse to pay out for certain claims. See our guide to unoccupied property insurance.
What your policy won’t cover
Your buildings insurance won’t typically cover general wear and tear. Pest infestations, faulty or poor workmanship by contractors, or even frost damage, might not be included either, so check your policy carefully.
How much does buildings insurance cost?
Buildings insurance could cost from
Combined (buildings and contents) insurance could cost from
**50% of people could achieve a quote of £114 per year for their buildings home insurance based on Compare the Market data in May 2020.
^^50% of people could achieve a quote of £9.50 per month for their buildings insurance based on the monthly cost when paying for the policy in one annual payment, excluding any interest charged on instalment payments. Based on Compare the Market data in May 2020.
^^^50% of people could achieve a quote of £145 per year for their buildings and contents home insurance based on Compare the Market data in May 2020.
The cost of home insurance is determined by a number of factors. With buildings insurance, the price is calculated according to how much your house would cost to rebuild. And your postcode is taken into account, among other factors.
What do I need to get a buildings insurance quote?
Buildings insurance comparison is quick and easy – and you could save money. Give us some details about your home and we’ll give you a selection of quotes from insurance providers.
You’ll just need to know some standard information about your property, such as:
- when it was built
- how many rooms it has
- what the walls are made from.
It’s also handy to have an idea of how much it might cost if you had to rebuild your home. But don’t worry if you’re not sure about this, as we’ll help you by providing an estimate when you get a quote.
You don’t need to have any documents on hand to get a quote.
Getting a buildings insurance quote isn’t about getting the cheapest deal possible. It’s about getting cover that’s right for you at a price you can afford. Remember that policies vary and terms and conditions can differ depending on the insurance provider.
How do I calculate the rebuild cost of my home?
The rebuild value is the amount it would cost to rebuild your home, at the same location, should it be completely destroyed by fire, flood or any other disaster (it’s not the same as the market value). If you underestimate the rebuild value and your home is completely destroyed, then your insurance may not cover the full costs. That's why, when you use Compare the Market, we've got a tool that helps you easily work out the rebuild cost of your home.
Find out more about calculating the rebuild cost of your home.
Home insurance expert
“Having problems with the structure of your property can be a nightmare for homeowners. Buildings insurance could give you the peace of mind of knowing that you’re financially protected if something goes wrong. And when you combine it with contents insurance, you’ll know your home is covered – inside and out.”
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***Correct as of May 2020.
****On average it can take less than 12 minutes to complete a home insurance quote through Compare the Market based on data in May 2020.
^^^^Based on Online independent research by Consumer Intelligence during May 2020 50% of customers could save up to £103.62 on their home insurance premium.