{"id":1621,"date":"2022-04-26T08:14:55","date_gmt":"2022-04-26T08:14:55","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/landlord-insurance\/faq\/what-does-building-insurance-cover\/"},"modified":"2024-06-28T10:39:26","modified_gmt":"2024-06-28T10:39:26","slug":"what-does-building-insurance-cover","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/landlord-insurance\/faq\/what-does-building-insurance-cover\/","title":{"rendered":"What does building insurance cover?"},"content":{"rendered":"\n
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What does building insurance cover?<\/h1>\n\n\n\n
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Building insurance can cover the cost of repairing or rebuilding your property if it\u2019s hit by a disaster like a storm, fire or flood, or if it\u2019s damaged by something like vandalism or subsidence. Landlord building insurance is designed to protect your rental property from these risks.<\/p>\n\n\n\n

Building insurance covers the permanent, physical structure of your property, including the walls, roof and floors. If a disaster like a flood, fire or storm hits your property, your building insurance can cover the repair or rebuild cost.<\/p>\n\n\n\n

The exact cover will vary from provider to provider, but you\u2019re usually covered for risks like subsidence, vandalism, and escape of water too.<\/p>\n\n\n\n

Fixtures and fittings – for example fitted kitchen units or a bathroom suite – are usually covered by a building insurance policy. If you own a flat and the freeholder is responsible for buying the buildings insurance, you can just get fixtures and fittings insurance<\/a>.<\/p>\n\n\n\n

Landlord building insurance<\/a> covers your rental property building, but you\u2019ll need to buy landlord contents insurance<\/a> if you want to cover any furniture or appliances that you provide to your tenants. You may also need to add accidental damage insurance<\/a> if you want to protect your buildings or contents from accidents like spillages or breakages.<\/p>\n\n\n\n

When you\u2019re buying your building insurance, be sure to estimate the rebuild value of your property as accurately as possible, so that you\u2019re fully covered if you come to make a claim. The rebuild value should take into account the cost of completely rebuilding your property, including labour and materials.<\/p>\n\n\n\n

Some providers offer blanket cover. If the rebuild value of your property is below this fixed blanket cover amount, you\u2019ll be covered if your property is destroyed and you need to rebuild it.<\/p>\n\n\n\n

However, it\u2019s still important to accurately state the rebuild value of your property when buying your insurance, as any false statements could void your policy.<\/p>\n\n\n\n

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