More often than not, homeowners will seek coverage for aspects such as fire, flood damage, wind damage, and hail damage. Insurance coverage policies are often confusing. When making a building insurance repairs claim, using a reputable building service that understands the insurance industry will help you receive the compensation that you deserve.
If you own a structure, you will need a building insurance policy to protects you against any damage to your property and requires repairs. It is normally a stipulation of your home mortgage and in case you are a landlord, you will be required to acquire buildings coverage. It is your duty and not your tenants’. While it is optional, if you do own a building, this kind of insurance is extremely important.
Building Insurance – This term is normally used to refer to two different kinds of insurance.
• Buildings insurance: this is for long-lasting fixtures and fittings, such as bathrooms and kitchens.
• Contents insurance: contents insurance is designed for all the things that you store in your property including Furniture, electrical devices and any personal belongings.
You may want to purchase both kinds of coverage separately or you can obtain a joint coverage from the same insurance service provider.
Building Insurance repairs normally covers the damage that may be inflicted on your home, including the floor, roof and walls. It also covers damage to any fixtures and fittings as well. If you have a fitted bathroom or kitchen, you insurance company may pay for any kind of repairs that may be required.
Building insurance will cover the cost or rebuilding or repairing your home in case it is damaged. Policies will vary from one company to the other based on the events that you have covered your home against and generally, you are most likely to make a claim if your property is damaged by:
• Fire, explosions, smoke
• Natural disaster such as floods and storms
• Vandalism
• Lorry or car collisions
• Falling trees
• Collapsing building
• Water damage
• Oil leakage from the heating system
Based on the kind of policy you obtain, it might also cover many other structures erected around the property, including driveways, fences, garages and external walls.
Building insurance repairs doesn’t cover a number of things including overall wear and tear. In addition, each insurance policy has its own restrictions (features that you will not be expected to claim for). Thisusually includes home damage caused by:
• Pests, insects and birds.
• Leaking gutters
• Frost
You won’t be covered for general wear and tear and each policy will have its own exclusions (things you won’t be able to claim for). These often include damage brought about by:
• Frost
• Leaking gutters
• Insects, birds and pests
You will not also seek any compensation for damage or loss that occurs while your building has been unoccupied for one or more months. Many insurance companies will allow you to seek coverage if you inform them beforehand. If you do own a home, the building needs to be insured.
Your solicitor can help you understand your freehold and what its implies. Sometimes you’ll find that it implies that you need to obtain buildings insurance repairs. If you choose to work with professional buildings insurance companies, you will remain up-to-date with the entire repairs process. That way, you will always be sure of what’s going on.
