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Building Insurance

Building Insurance
Building Insurance

Unlike a lot of insurances, where we often feel that they are something that we ought to have, Buildings Insurance is a requirement for homeowners with a mortgage

The level of cover should allow for the assessed value of rebuilding the destroyed or damaged building, which can usually be found on a valuation report.

You must ensure that you have cover from the day you either take ownership of the property or responsibility for it

Buildings insurance is generally available for both the main structural aspects of your property as well as for permanent fixtures and fittings – this may include sub-structural aspects such as storage sheds, greenhouses, garages and driveways etc.

The cost of theses insurance premiums will vary according to the size and type of property and where, geographically, it is located, and it may therefore, be wise to shop around to find a policy that meets with all of your requirements

Albeit, not a requirement, but even for those without a mortgage, it is a sensible option to consider buildings insurance. The costs of repairing major structural damage can be very large indeed.

Often policies may be extended to cover damage to interiors, or may be combined with a contents policy

It is always worthwhile ensuring that all the right options are fully explored to give you the correct cover and that peace of mind

Pinnacle Finance are there to help and where required, will guide you through the numerous options

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Pinnacle Finance is a trading style of Pinnacle Finance and Business Services Limited.
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