Building & Contents

Buildings Insurance offers protection should anything untoward happen to the main structure of your home, such as a fire, storm damage and subsidence.
There is not a legal requirement to insure your home, but if you have a mortgage on the property, it is likely your provider will insist you do.
In any case, there is a good chance that at some point down the line you will need to make a claim against damage to the walls, floor and roof of your property.

Insuring your home for the right amount

The required amount of buildings insurance cover is not based on the value or selling price of the home but on the rebuild cost of the building. This is often much lower than the value of the home.
This is often calculated by the insurer based on the age, location and property type.