Our homes are often the most valuable assets that we own. These buildings are where precious memories are made, and where we retreat to find peace at the end of a busy day. Having building insurance in place will ensure that the structure of your home, as well as the various fixtures and fittings on the property, will be covered against a multitude of risks that could cause damages or a total loss. These risks include fire and storm damage, power surges or lightning strikes, floods and accidental impact, to name but a few.
Insuring the structures of your main residence or your holiday homes on a high networth product will provide far wider covers and limits which exceed that of a standard insurance policy – protecting the financial investments made when purchasing your property. The building section of a policy does not only cover the main house structure, but also includes cover for pools and jacuzzies, fences, boundary walls, tennis courts, out buildings, garages, granny cottages, solar power systems etc.
The sum insured of the building section needs to be based on rebuilding your home in the event of a total loss occurring, including demolition costs and professional fees. Chat to one of our expert brokers so that we can source the perfect building cover for you.