Buildings insurance covers damage to your property and the fixtures and fittings of your home.
Lenders will make it a condition of any mortgage offer that you have buildings insurance in place.
The lender will insist the sum insured would be enough to rebuild the property.

What Buildings Insurance covers:

Walls, Windows, Fixed kitchen units, Bathroom & sanitary fittings, Roof, Doors & Garage.

Some of the perils Buildings insurance covers:

	Fire, smoke, explosion, lightening or earthquake			Riots, civil commotion, labour & political disturbances or strikes
	Malicious damage or vandalism			Storm or flood
	Impact or Collision			Subsidence or heave
	Escape of water or oil			Theft or attempted theft

CONTENTS INSURANCE

Contents insurance is optional as the contents are yours alone and not the concern of lender. However, the cost of replacing all your worldly possessions in the event of a fire or flood, or your valuables or electrical items in the event of a burglary will almost certainly be higher than you think. 1 in 5 houses does not have contents cover.

What is covered under Contents Insurance:

Theft, Damage by fire, Vandalism & Damage caused by flood.

Optional Benefits on Buildings & Contents cover:

	New for old cover			High value items & money over a certain value
	Theft away from the home.			Tools or instruments used for business
	Accidental damage

Your home may be repossessed if you do not keep up repayments on your mortgage.