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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
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