What does buildings insurance cover?
the aim of buildings insurance is to cover the cost of rebuilding the structure of your home and certain fixed internal fixtures such as sanitaryware and kitchens - a basic rule of thum is that it covers the bits you leave when you sell your home that cannot be easily removed.
you can also opt for accidental damage which can be good for the avid DIYer who climbs into the loft and exits between the rafters, through the ceiling and into the floor below!
in terms of a total loss claim it will also cover the cost of clearing the site to enable a rebuild - fortunately these extreme type of claim isnt too common.
having said all this, there are still many people that dont cover their personal contents even when they have the building covered (often due to cost and because a lender wont insist on contents cover as they are only interested in the building). | 12.14.10 @ 00:32
Basically, anything which is to do with the structure of the building and not movable | 12.14.10 @ 06:55
Generally speaking it will cover most catastrophic events that damage the fabric of the building or permanent internal structures such as bathrooms or kitchens. This would go from relatively minor things like the damage resulting from a burst pipe through to major things like your house burning down.
There will be specific exemptions in your policy, the most obvious of which is it will not cover deliberately self inflicted damage. It may cover accidental damage if you have selected that cover type. Other 'normal' exemptions are flood in high risk areas, war & terrorism.
Generally speaking poor maintenance leading to significant damage is a bit of a grey area, but if the damage is as a result of negligence you are probably out of luck. | 12.14.10 @ 09:45