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Buildings insurance

This insurance is designed to cover the structure of the building and is a compulsory requirement of any mortgage loan agreement. It is likely that the lender will insist that the insurance policy is chosen from a list of approved organisations. But that should not prevent you from seeking the best value policy
In addition to the fabric of the building the policy should cover, fixtures like bathrooms and kitchen fittings against damage caused by smoke, storms, flooding etc. It will also include unlikely occurrences such as impact from aircraft. The cost of the policy will indexed linked, and will increase each year in accordance with the expected cost of rebuilding the property

Contents insurance