Buildings insurance – Protecting your home up to £1.5million from just £8.14* a month
This is the insurance that you take out to cover the structural parts of your home. Your buildings will generally be the things that you would leave behind if you were to move home. This can include things such as walls, roof, floors, ceilings plus outbuildings and garages. At CoverBuilder we provide specialist home insurance. This can be bought as building only, contents only or a combination of buildings and contents.
Buildings cover up to £1.5million which allows you to claim for damage to;
- Doors and windows
- Fitted kitchens
- Bathroom suites
- Built-in cupboards
Buildings insurance will cover the standard perils that you would expect and that can damage your home. This includes;
- Fire and lightning strike
- Storm damage
- Explosion (caused by gas leaks etc)
- Structural damage caused by subsidence and fallen trees
- Water damage to your house caused by burst pipes
- Damage caused to buildings or doors during a break in.
- Vehicle collisions with the building
- Accidental damage, in case you put your foot through the attic (this is an optional extra)
Building Insurance FAQ
Is water damage covered?
Buildings insurance is designed to offer cover for water damage to properties. That is whether the cause of that damage is heavy rainfall or a burst water pipe. Water damage claims can generally be split into two categories – escape of water and flood. Flood damage is generally seen as being caused by an outside source. This could be surface water from a blocked drain or a river that has burst its banks and caused damaged. Escape of water relates to water damage that has happened because of something internal. This would be things such as a broken pipe or leaking dishwasher. Both of these risks are covered under buildings insurance.
Is fire damage covered?
House fires can be extremely dangerous as well as causing lots of expensive damage. Buildings insurance provides homeowners with peace of mind that if a fire were to occur, they would have somewhere to turn. A buildings insurance policy will pay out in the event of a house fire. It will cover the cost of returning the house to its original condition before the fire took hold. It is for this reason that having a suitable buildings insurance policy in place is often a stipulation of gaining a mortgage.
Is my roof insured?
Buildings insurance is not designed to cover damage that has been caused gradually through general wear and tear. However, some damage to your roof would be covered under your policy. This could include things such as a severe storm that rips tiles from your roof or damage to your flat roof as a result of something falling on it. CoverBuilder is able to cover a range of roof materials that many standard insurers may not be able to consider.
Could I claim for damp?
Generally speaking, buildings insurance will not cover you for any problems with damp. This is because this is seen to be a gradually increasing problem and not something that can be put down to one insurable incident. The only exception to this is if a particular event, for example, a heavy storm, can be seen to have caused the damp. In this situation, the damage would likely be covered by your insurance policy.
Unoccupied properties are seen as higher risk for insurers due to the increased risk from vandals or thieves and less frequent checks on the property. This means that some mainstream insurers choose not to provide cover for unoccupied properties. Luckily specialists such as CoverBuilder are able to offer comprehensive building insurance for unoccupied properties. This leaves owners reassured that even when they are not there, their property will not be waiting to leave them with a big repair bill.
Undergoing renovation projects
Renovating your property can be a very exciting time. However, there are a number of things that need to be taken into account. If you are having works carried out at your property then you will want to check that your existing structure will still be protected against damage. Renovation works at a property could lead to some standard insurers being reluctant to continue their cover. In this situation, it is vital you find alternative cover to make sure your buildings are fully insured. You should also check that your rebuild cost will be high enough to cover the property in full once the renovations are complete.
Further protection with enhanced accidental damage cover
Accidental Damage cover can also be taken out to protect your buildings. This would cover you for situations such as a football being kicked through your living room window. Other scenarios could include accidentally putting your foot through the ceiling when you’re up in the attic. However, issues that are caused by general wear and tear will not be covered. It has to be damage that has happened in one insured incident. Accidental Damage cover is not included as standard in home insurance policies. It can be selected as an extra element of your CoverBuilder Buildings policy.
‘Damage’ versus ‘wear and tear’
When answering this question it is important to understand what insurance is for. Insurance is designed to cover unexpected events. These are events that there has been no indication that they are going to happen. Wear and tear happens over a period of time and therefore does not fit into this definition.
If your property is affected by subsidence then the repair bills this causes can be very costly. This is where insurance can help you out. Subsidence is one of the risks that would be covered under your buildings insurance policy. Subsidence is an issue that is best controlled by quick action. This means that as soon as any suspicious cracks or movements start to appear, you should tell your insurer. They may be able to carry out preventative works which will stop any further damage.
If you are lucky enough to own a listed building then you will know how important it is to suitably protect it with the right insurance. Rebuild costs for listed buildings can often be much higher than they would be for a new build. The property may require specialist materials and construction methods to rebuild it to its original state.
The importance of ‘rebuild cost’ v ‘market value’
It is very important to have buildings insurance in place for the reasons stated above. Almost as important is making sure the amount your buildings are insured is high enough to rebuild the property. There are a number of different ways that you can check the rebuild cost of your house. If you are not sure what this figure should be, more information on property rebuild costs can be found here.
You should always try to insure your property with an accurate rebuild cost for a number of reasons. If you insure it for too high a value then it is likely you will be paying more than you need to. If you insure for too low a value then if your property is badly damaged you may find that this is not fully covered by your policy. Many insurers use a built-in rebuild cost calculator as part of their quotes. However, this cannot be used for listed buildings or properties that are made from unusual construction materials.
How do I insure a flat/apartment?
Responsibility for insuring a flat will generally lie with the freeholder. If you own a leasehold flat it is likely that you are already paying some money towards this. You are only able to get buildings insurance for a property that you are legally responsible for. In many cases being a leaseholder means that you will not have this responsibility. Contents insurance should always be bought, even if you are only renting. It will protect your personal items within the flat. Freeholders will generally take out a block policy to cover all of the flats that are included within a building.
Home emergency cover
Home emergency cover can be added on to your buildings insurance. This cover can help you in the event of an incident at your home that needs emergency attention from a plumber or other professional. Home emergency will cover you for the callout costs of such professionals. It will also mean you are always able to get help as soon as possible, no matter the time of night or day.