What does buildings insurance cover?
Buildings insurance covers the cost of repairing your home if it is damaged or, at worst, rebuilding it if it is completely destroyed by a fire, a storm or another natural disaster. Anything can happen, from vandalism to the equally devastating effects of subsidence.
So you need to know that you’re covered in case something goes wrong.
Your policy will cover damage to your building’s structure, including the walls, roof and windows. The fixtures and fittings are also included and many policies may cover your central heating, wiring and water, right down to the kitchen sink.
Most policies will cover you for internal damage caused by a leak or an electrical fire. Don’t underestimate the damage a burst pipe can do, as the average claim works out at £25,000, according to AXA.
A lot of insurers may include cover for your drive, fencing and garage as a part of a standard policy, so be sure to check carefully as that is not always the case.