Posted on

Getting Good Building Insurance

Article by Albie Steyn
























If you have just bought a property with buildings already on it or are intending on building fixed structures, you probably need to have building insurance. Building insurance is cover against damages caused by natural disasters or people. It covers only the structure of the building itself, not the contents of the building. For that, you need contents insurance. Let us stick to building insurance for now.

There are a number of different options when it comes to building insurance, each different type will cover you for different damages.

The first type of building insurance is loss and damage insurance. This type of insurance covers you against acts of God. That means you are covered against damage caused by natural disasters as well as damage caused by usual weather patterns, like lightning strikes or rain damage. It will generally cover your actual home as well as any other buildings on your property.

You can include standard accidental damage cover in your building insurance policy. This will cover you for damages caused to external fittings and add-ons to your home like solar panels and the glass in your windows. It can also be extended to include the piping and cabling that runs to your house.

For those of us who are lucky enough to own more than one home and rent out the additional properties, can invest in building insurance to protect the building but not the tenants belongings. What happens to the tenants possessions is not the responsibility of the landlord. However, tenants have a tendency to cause considerable damage to property and building insurance can cover the cost of repairs. One can also include legal and maintenance cover under this kind of insurance. In order for the tenant to be covered against theft and other eventualities, they have to take out their own insurance.

Then there is builders risk insurance, this kind of insurance covers the building against damages whilst it is still under construction. That way, should a particularly vicious storm cause damage to your building before it has been completed, you do not have to pay for the repairs out of your own pocket.

There are many other types of building insurance available, which you decide to opt for is dependant entirely on what you intend to do with the building you are insuring. Older houses which have historical value will never be insured for their true value as this is inestimable. Insurance for this kind of home will only cover the actual cash value of the house, not the replacement value. Building insurance for a commercial building varies according to what use the building is put. A shopping centre will need very different building cover than a warehouse, for example, will require.

The general idea is to ensure that you are able to rebuild you building in case of it being damaged by any cause whatsoever, within reason of course, without costing you, the owner, very much. The more risks your building faces, the more you will pay in insurance premiums and the higher your excess will be. As with most insurance policies, it is often possible to tailor the policy to your needs.

About the Author

For more building insurance tips, as well as more information on bancassurance, visit our insurance website.












Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Related Building Insurance Articles

Posted on

How Is Getting Home Insurance Quotes UK Turn Out To Be Handy To You

Article by Lesli Purzycki









Where does insurance come from and how long has it been with us? That’s a couple of valid questions and the responses may vary based on your own perspective or research. What any insurance really does is spread out the risk more thinly such as early man hunting in teams for protection, a group is significantly less dangerous than a solitary hunter with threat reduced. Insurance as we may well recognise it can be tracked back to Babylon in 1792 BC with King Hammurabi’s Code. The Code of Hammurabi was actually a listing of laws, 282 of them, carved into a large black basalt stone that was then placed on display. You would not have been able to get home insurance quotes UK then nonetheless it was most likely the birth of insurance.

The impressive huge stone or ‘stele’ which comprised Hammurabi’s code can be viewed today in the Louvre Museum in Paris, and the laws included upon it do contain what we could class as insurance laws. A lot of the 282 laws are insurance specific for instance traders needing to pay a loan to make sure their goods turned up safe and sound at their ultimate destination. If a dam broke and flooded crop areas then the dam owner would be liable to recompense those that had lost crops. An additional compensation law concerned builders, if a property a builder had completed started to break apart in just a year then the builder was required to put it right at their own cost.

It’s intriguing that our world of insurance has such ancient origins, however it does indeed demonstrate precisely how important insurance has long been and definately will continue to be. It also leads us to the relevance of obtaining home insurance quotes UK. Why is it important to get yourself a large amount of home insurance quotes UK prior to deciding on your final deal? To begin with it’s essential that you have knowledge of the market and to acquire that expertise you need to investigate what exactly is there. The second thing is by receiving a large amount of insurance quotes you get an understanding of what insurance companies are providing allowing you to make an excellent decision on your final insurance package. One other reason getting several quotes is very important is it may lead you to the best offer for your requirements. There are some people who obtain home insurance quotes UK constantly as they like to keep close track of the market and if it’s changing, the one thing about insurance is it’s usually changing and it’s beneficial to be familiar with changes.

Insurance in general is massive business and the market is exploding at the seams with insurance companies all seeking your business, and that is good for customers. What it additionally implies is that when you do get home insurance quotes UK you’re likely to find new far better value deals every several months mainly because competition is intense. As customers we do have a massive amount of choice of who we go to for our home insurance cover and that’s perfect for finding the right offers. Browse the marketplace right now even if it’s only out of curiosity and I’d wager you find an insurance offer that may be a lot better than the one you currently have.



About the Author

Information is key when getting your home insurance sorted and the more you have the better. http://homeinsurancecomparisonuk.co.uk/

You can start off your search without hesitation for home insurance quotes uk advice by dropping in on our site http://homeinsurancecomparisonuk.co.uk/










www.mio.emutu.com trends – contents household insurance, florida home insurance, fortis health insurance temporary, home insurance quote uk, home mortgage insurance, home warranty insurance, house insurance, instant motorcycle insurance quote, insurance life settlement, insurance quotes new…

Find More Home Insurance Quote Uk Articles