Home Buildings Insurance

Tuesday, November 18, 2008

Lenders demand that you buy buildings insurance to protect your property against serious damage, such as the house collapsing!

In fact lenders often do their best to sell insurance when you take out a mortgage, but most borrowers would find a cheaper deal by shopping around. This is particularly easy to do through on-line brokers and insurance companies.

Buildings insurance protects the structure of your home, as well as permanent fixtures and fittings such as baths, toilets and fitted kitchens, bedroom cupboards and interior decorations. Simply, the insurance usually covers those items that won't be taken away when you move home.

You should get enough cover to pay for the cost of rebuilding your home, which may bear no relation to the actual worth of your home.

Saving money on Buildings and Contents Insurance