Buildings Insurance

Buildings insurance helps cover the cost of repairing or rebuilding your home's structure if it's damaged by insured events such as fire, storms or flooding..

1 min read Buying a Home

What it means

Buildings insurance helps cover the cost of repairing or rebuilding your home's structure if it's damaged by insured events such as fire, storms or flooding.

Example

A storm damages your roof. Your policy helps pay for repairs.

Why it matters

Mortgage lenders usually require buildings insurance.

It covers the building, not your belongings.

Does it cover my furniture?

No. That's usually covered by contents insurance.

Related terms

This term comes up a lot when you're buying a home.

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