You need to get your hands on buildings insurance as soon as you own any kind of building, whether it’s the house you live in or the remotely located holiday flat you escape to when the in-laws are threatening to visit.
Understanding buildings insurance
Basically, buildings insurance takes care of the permanent, built structures on your property like your house and its outbuildings. Many people are unaware of what buildings insurance covers. Some live under the illusion that unless they’ve bought a house in the middle of a war zone or at the foothills of an active volcano, their need for buildings insurance is about as high as their chances of winning the lottery. But don’t let this fool you.
Cover for the unexpected
Buildings insurance not only makes sure you don’t have to panic when the structure of your building gets damaged from natural disasters like fires and floods but is also invaluable when it comes to damage done to fittings, fixtures, and improvements. So, you could also be covered for loss or damage caused by leaking, bursting or overflowing of heating systems, geysers, and pressurised water pipes. This means, for example, that you’ll have less to worry about when it comes to replacing carpets or ceilings because a pipe in the flat above yours burst.
Buildings insurance also takes care of things like driveways, walls, garages, fences, patios, swimming pools, swimming pool boreholes, spa pumps, gate motors, tennis courts (we know you’ll use them 1 day), underground pipes and cables. And all of these are covered against a range of incidents, including damage from falling trees, power dips and surges, and even when an aeroplane makes an unexpected visit.
It’s clear that buildings insurance isn’t really something you want to be without. Disasters do happen and have left many people stranded with no idea of how they’ll be able to pay for repairs to their homes.
Protecting your investment
You wouldn’t want to star in the tragicomedy of paying off a bond on a house that’s now part of the local landscape, or having the ‘fun’ conversation with your partner about why you didn’t get that buildings insurance quote when they mentioned it… For the twentieth time.
Don’t gamble with your investment; let buildings insurance be the punchline that saves the day. Click here for a commitment-free quote.
