What Does Buildings Insurance Cover?
You will find that your lender will insist that you have this cover when you take out a mortgage. The lender, remember, owns your home until you have paid off the mortgage. However, because they don't live in it, you are responsible for it, thus you need to insure the building. Should the property fall down, the lender wants it to be covered for the catastrophe.
But buildings insurance cover permanent fixtures and fittings as well. It will also cover toilets, baths and fitted kitchens, your interior decorations and bedroom cupboards. To know what your buildings insurance will cover, try this simple test ? can you reasonably remove the fixture and take it to a new home? If you can it will be covered by contents insurance ? as if you can remove it, so can a thief! If you can't, it will be covered by your buildings insurance.
Your buildings policy insurance should also be able to cover - perhaps for a small extension to your premium ? outbuildings such as your garages, garden sheds and greenhouses. However, it is unlikely that you can extend it to cover your swimming pools, fences, paths, gates or drives.
The risks which are covered by your buildings insurance are many. Your property faces damage from so many angles. Perhaps reading this list will make you realise just how important buildings insurance is. Fire, lightning and explosions can cause damage to your house, as can earthquakes, storms and floods. Don't underestimate the damage that thieves can cause to your home. They have to get in somehow, and can damage property that way. Sometimes, they will try and steal fixtures that aren't easily removable (e.g. a chandelier) or will damage your property whilst looking for valuables. This damage would not be covered by contents insurance.
Should you suffer problems with your tanks or pipes, in terms of water leaking from them, or perhaps oil could escape from fixed heating installations, you should be covered under your buildings insurance. Then there are the more unusual occurrences. Your home could be damaged by being caught in the middle of a riot. It could be the victim of an attack by vandals ('malicious persons' in insurance parlance). Perhaps a falling tree will crash through your window, or an aerial will fall off the roof and through your window.
Subsidence, land slip and heave can also cause damage to your home, which is why the insurance company will want to know if your home is in an area at risk from them. Finally, it has been known for cars and animals to cause damage to homes, and occasionally an aircraft or "things falling from an aircraft" can cause damage.
Health Savings Account (HSA): How Do I Invest It?
The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.
Business Insurance ? And What You Need To Know
Getting your business up and running is exciting, challenging and hard work. You're finally making money ? and you are the driving force that is making your business grow. But have you taken care of the "What ifs". Like ? "What if I get sick, how do I pay my bills" or "What if I have a fire, how do I keep my business running". Simply put, the one thing you do not want is to have the business that you have labored so tirelessly on, hit a financial snag.
Independent Insurance Agents Unite! Insurance and Financial Discussion Forums are all the Rage
The online discussion forum has emerged as the medium of choice for many Americans. Most recently, forum platforms like vBulletin, Infopop, and Snitz have enabled the novice webmaster to host and moderate their own forum. One of the areas that needs this type of medium the most is the Insurance and Financial Industry.
UK House Insurance - The Risk of Under-insurance
For many years in the UK, motor insurance has been a competitive marketplace. Consumers have been used to shooping around at renewal time with a host of direct companies available. The internet has further fuelled this change allowing more people to access better information when their policy is due for renewal.
Useful Tips on Reducing Insurance Costs
Most people want lower insurance costs but are often too lazy to do anything about it. All it takes is a little time and effort and you could be looking at a reduced insurance premium.
Avoiding The Potholes Of Car Insurance
Car Insurance is an issue that we all of face in our lives. Do we insure our car or not?
10 Ways to Lower Your Auto Insurance
Nowadays, auto insurance is really expensive. A typical insurance policy can cost a few hundred dollars to a few thousand dollars a year. And the insurance rates you pay are hugely dependent on the insurance company or agent, your age, your car type, your driving record, and even the area you reside in!
7 Tips Toward Helping You Reduce Your Insurance Costs
Not a year goes by that insurance rates go up. At least it seems that way. You can control ? even reduce ? your insurance expenses by following these seven easy to remember tips.
The Life Insurance Policy and What You Need to Know Before You Buy
Are you looking to buy a life insurance policy? Well, be careful. Life insurance can be difficult to understand and it's easy to be conned into buying something under false pretenses.
What Is Health Insurance?
What is health insurance and why do I need it? Health insurance protects you and your family from a financial hardship due to medical expenses in the untimely event that you are injured or become ill. There are four types of health insurance, you may need just one or you may need a combination to ensure you have the most insurance coverage possible. It is best to evaluate each type of insurance to obtain an accurate account of which type will best suit your needs.
What to Look for in Good Health Insurance
Health insurance is a kind of protection that provides payment of benefits for covered sickness or injury. Included in health insurance are various types of insurance such as accident insurance, disability income insurance, medical expense insurance, and accidental death and dismemberment insurance.
Affordable Insurance Quotes To Save You Money!
Whether you're looking for insurance quotes for auto, life, travel or health you can find some great rates on the internet. Insurance quotes coverage can provide peace of mind and also financial coverage in the event that something untoward happens.
What Is Meant By Automobile Insurance Standard Coverage?
Automobile insurance standard coverage is the basic amount of insurance coverage that is required by law in order for an individual to legally operate a motorized vehicle. You can simply it even further with the blanket statement as being the mandatory amount of auto insurance coverage a driver must possess.
The Awful Truth about Annuity and Insurance Leads
You see the websites, you see the ads: exclusive, never before sold, prospects eager to buy, insurance and annuity Leads. Some leads cost a few dollars - others are over one-hundred a pop.
How to Match the Right Insurance Policy to the 4 Stages of Life
As we go through life our needs change. A Young man or women with a family has very different insurance needs then the Empty Nester. Here is a guide to help you determine what type of insurance best matches your need based on the 4 Stages of life
Life Insurance Information
Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life. It will pay out either a lump sum or monthly contributions to the "trustee" or next of kin in the event of the policy holder's death.
How Much Renters Insurance Do I Need?
When obtaining renter's insurance it is important to put serious consideration into how much insurance you really need to buy. Some things you may want to consider when making this decision include whether or not you can afford to re-purchase everything in your home in the event that disaster strikes. You may also want to ask yourself what you would do if a neighbor slipped and fell on the wet floor in your kitchen and decided to take legal action against you.
Finding a Discount Car Insurance Broker
Discount car insurance broker
Finding Health Insurance for Self-Employed Individuals: A Guide For the Freelance Newbie
With a rise in those looking to venture out on their own in the business world, health insurance for self-employed workers is a priority. At first glance, obtaining health insurance for self-employed individuals may seem difficult and quite overwhelming. However, with research and education, finding the right policy can be done with ease.
Term Life Insurance on Your Business Partner
Life insurance is something we often take out to protect our family and our loved ones, but that's only one example of how life insurance can save us in unhappy circumstances. Businesses also need protection and those with partners realize that if a business partner were to pass away, the business itself could be jeopardized. Not only does the work that partner provide in the company need to be replaced, but so do their other valuable contributions.
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