Building And Contents Insurance Explained

By Author: Lecia Selbo
Total Articles: 49
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Building and contents insurance are two separate kinds of insurance policy that are often sold together. In this article, we look at both types of insurance, and some of the factors to consider when you are looking for the best policies.

Buildings insurance covers the structure of your house, and is designed to pay out in the event of damage to the building as the result of accident, vandalism or disaster. Common events that trigger buildings insurance payouts include house fires and floods.

Most mortgage providers require that the applicant takes out a buildings insurance policy. In a lucrative move for the mortgage provider, many banks sell expensive buildings insurance policies along with mortgages. However, there is no legal requirement to take out buildings insurance with your mortgage provider, and indeed it often makes sense not to purchase buildings insurance this way.

Try looking at stand alone buildings insurance policies such as those provided by suppliers like Legal