The
main perils covered are; (it is worth remembering that all
building insurance policies will be subject to terms &
conditions & exclusions, always read the policy document
carefully and if you are unsure about anything, ask.
Fire,
Lightning, Explosion, Earthquake, Riot, Civil Commotion, Strikes
or Labour disturbances or malicious damage or vandalism. Impact by any aircraft, aerial device, road vehicle train or animal.
Storm, Tempest & Flood. Falling Trees or Parts of Trees. Subsidence, Landslip or Heave (this policy section tens to
exclude the bedding down of structures of nearly made up ground
or coastal erosion. Damage to or resulting from the movement of
solid floor slabs unless the foundations underneath the external
walls also move at the same time. There are other exclusions
under this section and it is best to check each policy wording.
Insurers are very particular with the cover under this sections
as any losses can be substantial. Theft or attempted Theft.
Restrictions in cover may be experienced if the property is left
unoccupied for a period in excess of 30 days. Escape of water
from or bursting of any water or oil from any fixed domestic
water heater or heating installation or washing machine.
Accidental
Damage to water, oil, gas, sewerage or drain pipes, underground
telephone, electricity or television cables serving the
building.
Glass
& Sanitary Fittings, Cover for fixed glass in doors or
windows, roofs and double glazing units.
Alternative
Accommodation. If following an insured peril, temporary
accommodation has to be found, you will normally be covered for
up to 20 % of the sum insured over a 12 month period.
Reasonable
Architects & Surveyors fees necessary incurred in the
reinstatement of the building following loss of damage.
Insurance for the removal of debris, site clearance and shoring
up of the building is also included.
Your building insurance will also included Property owners
Liability cover a sum insured of £1,000,000 is fairly common.
This section of your building insurance policy will indemnify
you for legal liability as owner of the building to members of
the public and employees. Cover is usually in respect of bodily
injury or disease to a person or damage to their property.
|Wider insurance for a building can be obtained and it is
usually referred to as Accidental Damage cover. This is now
usually an extra section of the policy wording and extends the
policy wording to provide insurance for the building against
accidents. Some examples of an Accident to a building would be
drilling through a water pipe in the bathroom whilst affixing a
cabinet to the wall or putting your foot through the ceiling.
