What is Buildings Insurance ?
Buildings insurance aims to cover damage of loss to the actual structure and fittings of your home. Contents cover will cover the loss of your possessions, in particular those that can be removed and taken from home to home, but it will not cover the higher value of your property and those fittings that cannot be removed. The separate cover that you need to for this is called buildings cover

What does Buildings Insurance Cover ?
You will find that your lender will insist that you have this cover when you take out a mortgage. The lender, remember, owns your home until you have paid off the mortgage. However, because they don’t live in it, you are responsible for it, thus you need to insure the building. Should the property fall down, the lender wants it to be covered for the catastrophe.
But buildings insurance cover permanent fixtures and fittings as well. It will also cover toilets, baths and fitted kitchens, your interior decorations and bedroom cupboards.

Your buildings policy insurance should also be able to cover - perhaps for a small extension to your premium – outbuildings such as your garages, garden sheds and greenhouses. However, it is unlikely that you can extend it to cover your swimming pools, fences, paths, gates or drives.
The risks which are covered by your buildings insurance are many. Your property faces damage from so many angles. Perhaps reading this will make you realize just how important buildings insurance is.

Bear in mind that you need buildings insurance from the first time that you are responsible for the property, which could be from the moment that you exchange contracts on a purchase. Make sure that proper insurance is in place at this time.
You should always ensure that there is proper insurance in place from the point that you first become responsible for the premises, even if this is before moving in.